Coty Inc (NYSE:COTY) announced a quarterly dividend on Wednesday, August 22nd, Wall Street Journal reports. Shareholders of record on Friday, August 31st will be given a dividend of 0.125 per share on Friday, September 14th. This represents a $0.50 dividend on an annualized basis and a yield of 4.17%. The ex-dividend date is Thursday, August 30th.

Coty has increased its dividend by an average of 35.7% per year over the last three years and has raised its dividend annually for the last 3 consecutive years. Coty has a dividend payout ratio of 66.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Coty to earn $0.94 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 53.2%.

Coty stock opened at $11.98 on Friday. Coty has a twelve month low of $10.73 and a twelve month high of $21.68. The company has a quick ratio of 0.67, a current ratio of 0.90 and a debt-to-equity ratio of 0.82. The company has a market cap of $8.79 billion, a price-to-earnings ratio of 17.36, a P/E/G ratio of 1.57 and a beta of 0.28.

Coty (NYSE:COTY) last posted its quarterly earnings data on Tuesday, August 21st. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.01. Coty had a positive return on equity of 5.55% and a negative net margin of 1.80%. The company had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.31 billion. The firm’s revenue was up 2.6% compared to the same quarter last year. research analysts forecast that Coty will post 0.75 EPS for the current year.

COTY has been the subject of a number of recent research reports. JPMorgan Chase & Co. decreased their price objective on Coty from $13.00 to $11.00 and set an “underweight” rating for the company in a research report on Friday, August 10th. Wells Fargo & Co set a $15.00 target price on Coty and gave the stock a “hold” rating in a research note on Wednesday, May 9th. ValuEngine downgraded Coty from a “sell” rating to a “strong sell” rating in a research note on Friday, May 11th. Societe Generale downgraded Coty from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, BMO Capital Markets reissued a “market perform” rating and set a $24.00 target price on shares of Coty in a research note on Wednesday. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $15.59.

Coty Company Profile

Coty Inc, together with its subsidiaries, manufactures, markets, sells, and distributes beauty products worldwide. It operates in three segments: Consumer Beauty, Luxury, and Professional Beauty. The Consumer Beauty segment offers color cosmetics, retail hair coloring and styling products, body care products, and mass fragrances primarily through hypermarkets, supermarkets, drug stores and pharmacies, mid-tier department stores, and traditional food and drug retailers, as well as own branded e-commerce and direct to consumer Websites.

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Dividend History for Coty (NYSE:COTY)

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