Italian American carmaker Fiat Chrysler is set to pay 2.9 billion euro or $3.5 billion special dividend on January 29, according to Reuters. The special dividend, worth 1.84 euros per share as part of its merger with France’s PSA, had “become unconditional.”
- FCA and Peugeot maker PSA expect to complete their $52 billion merger to create Stellantis, the world’s fourth-largest automaker on Saturday
- FCA’s special dividend record date has been set to Friday, the day before the merger finalization, and only its investors on that date will be paid.
- FCA’s largest shareholder is Exor, the holding company of Italy’s Agnelli family, with a stake of just under 29%.
Fiat Chrysler stock is currently declining. FCA: BIT is down 1.08%
