Moncler SpA (MONRY) recently announced a dividend of $1.26 per share, payable on 2024-06-06, with the ex-dividend date set for 2024-05-20. Using the data from GuruFocus, let's look into Moncler SpA's dividend performance and assess its sustainability. What Does Moncler SpA Do?
Italy's Rivetti family, former owner of the Stone Island brand, said on Tuesday it had sold a stake in Moncler, sending the Italian luxury group's shares down by as much as 3.5%. The placement comes less than a month after the announcement that the Rivetti family would become a direct shareholder in the luxury group after ending an investment agreement with CEO Remo Ruffini's holding company Double R. The stake was not part of a consultation agreement they sealed with Ruffini when they left the holding company.
Moncler's chief executive and main shareholder will be left with roughly 16% of the luxury group once the Rivetti family exits the holding company in a move making the company more accessible for potential bidders, analysts said. Moncler said on Saturday the Rivetti family will become a direct shareholder in the luxury group after ending an investment agreement with CEO Remo Ruffini's holding company Double R. The Rivetti family, which got Double R's shares as a result of Moncler's acquisition of Stone Island some three years ago, currently holds a 16.5% stake in Double R, which in turn has a 23.7% stake in Moncler.