Pirelli approves 0.34 euro dividend, shares watched after new board vote
26.06.2026 - 11:05:39 | ad-hoc-news.de
By Thomas Klein, Operations & Strategy desk. Reviewed prior to publication on 2026-06-26, 11:05.
Pirelli & C. S.p.A. (IT0004623051) has wrapped up its 2026 shareholders’ meeting in Milan with the approval of the 2025 annual report and a 0.34 euro per share dividend, as documented in the company’s official meeting statement from June 25, 2026. The meeting summary published via MarketScreener confirms that the payout combines an ordinary and an extraordinary component for shareholders in the Milan-listed group.
Shareholders’ meeting decisions in Milan
The ordinary shareholders’ meeting of Pirelli took place on June 25, 2026 in Milan, with around 81.44% of the share capital with voting rights represented, according to the published minutes overview. The official meeting communication notes that shareholders approved the 2025 financial statements and the proposed allocation of profit.
The dividend of 0.34 euro per share is split into an ordinary component of 0.20 euro and an extraordinary component of 0.14 euro, financed in part by the retained earnings reserve as of December 31, 2025, the same document shows. The distribution totals roughly 109 million euros from extraordinary reserves, with payment scheduled for July 22, 2026, an ex-dividend date of July 20 and a record date of July 21, providing a clear timetable for investors in the Borsa Italiana-listed stock.
New board composition and golden power backdrop
Alongside the dividend, the meeting approved a new board of directors dominated by the Italian investor Camfin, which secured 58.07% of votes for its slate, as reported by Reuters on June 25, 2026. The Reuters-based report on Yahoo Finance highlights that this follows an Italian government golden power intervention that curtailed the influence of Pirelli’s larger Chinese shareholder Sinochem.
According to the same coverage, shareholders also approved the 2025 full-year report with 57.89% of votes, with the contrary votes largely attributable to Sinochem-controlled entities. The meeting documentation further records that the shareholder MPI Italy - controlled by Sinochem - voted against the allocation of profit and certain remuneration items, underscoring ongoing governance tensions even as the Camfin-aligned board consolidates control.
All news and analysis on the Pirelli shares
Further background on Pirelli’s dividend policy, governance structure and Milan listing can be found in the dedicated topic section on ad-hoc-news.de and on the company’s investor relations site.
How Pirelli earns its money
Pirelli generates the bulk of its revenue from the design, production and sale of premium and high-performance tires for passenger cars, SUVs and motorcycles, with a strong focus on the replacement market and partnerships with original equipment manufacturers in Europe, North America and Asia. According to a company profile, Pirelli reported approximately 7.33 billion US dollars in revenue in 2024, supported by a global workforce of more than 31,000 employees and a broad regional footprint in Europe, the Americas and Asia-Pacific. The BCC Research company snapshot underscores this focus on high-value tire segments and international diversification.
Where the stock trades today
The Pirelli shares (IT0004623051) trade on Borsa Italiana in Milan under the ticker PIRC, with the most recent available closing price on the Italian exchange at around 1.63 euros as of June 25, 2025, according to historical price data, and updated live prices available via the Milan market’s quotation services.
Key data on the Pirelli shares
- Company: Pirelli & C. S.p.A.
- ISIN: IT0004623051
- WKN: A1WB2M
- Ticker: PIRC
- Trading venue: Borsa Italiana (Milan)
- Price (as of 2025-06-25, 17:35): 1.63 EUR
- Market cap: approximately 1.63 billion EUR (as of 2025-06-25, based on the indicated price and outstanding shares on Borsa Italiana data)
- Sector / industry: Consumer Discretionary / Tires & Rubber
- Index membership: FTSE Italia Mid Cap (Italy)
- Next earnings date: not officially scheduled
Disclaimer: This article is for informational purposes only and does not constitute investment advice, a recommendation or a solicitation to buy or sell any security. All data are based on sources considered reliable but cannot be guaranteed. Investors should conduct their own research and, where appropriate, consult a qualified financial advisor before making investment decisions.
