International Flavors & Fragrances Inc. (NYSE:IFF) Announces Quarterly Dividend of $0.40

International Flavors & Fragrances Inc. (NYSE:IFF) announced a quarterly dividend on Tuesday, July 28th. Stockholders 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 dividend yield of 2.1%. 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 payout ratio of 35.3% indicating that its dividend is sufficiently covered by earnings. 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

IFF stock traded down $1.28 during midday trading on Wednesday, reaching $77.97. The company had a trading volume of 58,762 shares, compared to its average volume of 1,852,562. International Flavors & Fragrances has a 1-year low of $59.14 and a 1-year high of $84.45. The stock has a 50 day moving average price of $76.75 and a 200-day moving average price of $74.81. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.49 and a quick ratio of 0.87. The company has a market capitalization of $19.90 billion, a price-to-earnings ratio of 23.90, a price-to-earnings-growth ratio of 1.91 and a beta of 0.93.

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

International Flavors & Fragrances Company Profile

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.