Interparfums, Inc. (NASDAQ:IPAR – Get Free Report) declared a quarterly dividend on Wednesday, February 11th. Investors of record on Monday, March 16th will be paid a dividend of 0.80 per share on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Monday, March 16th.
Interparfums has raised its dividend by an average of 0.6%annually over the last three years and has raised its dividend annually for the last 4 consecutive years. Interparfums has a payout ratio of 55.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Interparfums to earn $5.33 per share next year, which means the company should continue to be able to cover its $3.20 annual dividend with an expected future payout ratio of 60.0%.
Interparfums Trading Up 0.7%
Shares of NASDAQ:IPAR opened at $91.49 on Friday. The company has a 50 day moving average of $96.08 and a 200-day moving average of $94.33. The company has a current ratio of 2.99, a quick ratio of 1.97 and a debt-to-equity ratio of 0.11. The firm has a market cap of $2.93 billion, a P/E ratio of 17.46 and a beta of 1.21. Interparfums has a twelve month low of $77.21 and a twelve month high of $142.61.
Interparfums Company Profile
Interparfums, Inc is a global fragrance company that designs, manufactures and distributes a broad range of premium perfume and cosmetic products. Operating primarily through licensing agreements with established fashion and luxury brands, the company oversees every stage of product development from concept and formulation to production and global distribution. Its portfolio encompasses well-known names in the fragrance industry, including Montblanc, Coach, Jimmy Choo, Van Cleef & Arpels and Lanvin, among others.
The company’s core activities include fragrance creation, brand management and international logistics.
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