International Flavors & Fragrances Inc. (IFF) to Issue Quarterly Dividend of $0.40 on October 9th

International Flavors & Fragrances Inc. (NYSE:IFF) announced a quarterly dividend on Tuesday, July 28th. Investors of record on Friday, September 18th will be given a dividend of 0.40 per share by the specialty chemicals company on Friday, October 9th. This represents a c) annualized dividend and a yield of 2.0%. The ex-dividend date is Friday, September 18th.

International Flavors & Fragrances has decreased its dividend by an average of 0.1%annually over the last three years. International Flavors & Fragrances has a dividend payout ratio of 35.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect International Flavors & Fragrances to earn $4.89 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 32.7%.

International Flavors & Fragrances Price Performance

International Flavors & Fragrances stock opened at $79.65 on Thursday. The business has a 50-day simple moving average of $76.85 and a 200 day simple moving average of $74.89. International Flavors & Fragrances has a 52 week low of $59.14 and a 52 week high of $84.45. The stock has a market cap of $20.33 billion, a price-to-earnings ratio of 24.36, a PEG ratio of 1.98 and a beta of 0.93. The company has a quick ratio of 0.87, a current ratio of 1.49 and a debt-to-equity ratio of 0.33.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings data on Tuesday, May 5th. The specialty chemicals company reported $1.25 EPS for the quarter, topping the consensus estimate of $1.08 by $0.17. International Flavors & Fragrances had a return on equity of 7.65% and a net margin of 7.78%.The company had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.64 billion. During the same quarter in the previous year, the firm earned $1.20 earnings per share. International Flavors & Fragrances’s revenue was down 3.6% on a year-over-year basis. On average, research analysts forecast that International Flavors & Fragrances will post 4.55 earnings per share for the current fiscal year.

About International Flavors & Fragrances

International Flavors & Fragrances Inc (NYSE:IFF) is a global leader in the creation and production of flavors, fragrances, cosmetic actives and nutritional lipids. The company develops taste and scent solutions for a wide array of end markets including food and beverage, personal care, household goods and pharmaceutical products. Its portfolio spans natural and nature-identical flavors, fine fragrances, functional ingredients for skin and hair care, and specialty oils that enhance nutritional value and sensory appeal.

IFF’s research and development network comprises innovation centers in North America, Europe, Asia-Pacific and Latin America, where multidisciplinary teams collaborate on aroma chemistry, sensory science and biotechnology.