International Flavors & Fragrances Inc (NYSE:IFF) announced a quarterly dividend on Monday, August 5th, RTT News reports. Shareholders of record on Monday, September 23rd will be given a dividend of 0.75 per share by the specialty chemicals company on Friday, October 4th. This represents a $3.00 annualized dividend and a yield of 2.44%. The ex-dividend date is Friday, September 20th. This is an increase from International Flavors & Fragrances’s previous quarterly dividend of $0.73.

International Flavors & Fragrances has raised its dividend payment by an average of 12.4% annually over the last three years and has raised its dividend every year for the last 9 years. International Flavors & Fragrances has a dividend payout ratio of 47.5% meaning its dividend is sufficiently covered by earnings. Analysts expect International Flavors & Fragrances to earn $6.73 per share next year, which means the company should continue to be able to cover its $3.00 annual dividend with an expected future payout ratio of 44.6%.

NYSE IFF opened at $122.99 on Thursday. The company has a market cap of $13.03 billion, a PE ratio of 19.58 and a beta of 0.84. International Flavors & Fragrances has a 52 week low of $104.86 and a 52 week high of $152.95. The company has a quick ratio of 1.59, a current ratio of 2.60 and a debt-to-equity ratio of 0.71. The firm’s 50-day simple moving average is $119.56 and its two-hundred day simple moving average is $132.82.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings data on Monday, August 5th. The specialty chemicals company reported $1.61 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.61. The business had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.31 billion. International Flavors & Fragrances had a net margin of 7.51% and a return on equity of 10.48%. The company’s revenue was up 41.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.76 earnings per share. As a group, equities research analysts anticipate that International Flavors & Fragrances will post 6.19 EPS for the current year.

IFF has been the topic of several recent research reports. Berenberg Bank downgraded shares of International Flavors & Fragrances from a “buy” rating to a “hold” rating and dropped their price objective for the company from $155.00 to $133.00 in a report on Thursday, August 8th. Exane BNP Paribas downgraded shares of International Flavors & Fragrances to an “underperform” rating in a report on Friday, June 21st. BNP Paribas downgraded shares of International Flavors & Fragrances from a “neutral” rating to an “underperform” rating in a report on Friday, June 21st. Societe Generale initiated coverage on shares of International Flavors & Fragrances in a report on Monday, September 9th. They set a “buy” rating and a $140.00 price objective on the stock. Finally, Zacks Investment Research raised shares of International Flavors & Fragrances from a “sell” rating to a “hold” rating and set a $151.00 price objective on the stock in a report on Monday, August 5th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the stock. International Flavors & Fragrances currently has an average rating of “Hold” and a consensus price target of $142.73.

In other news, insider Nicolas Mirzayantz sold 929 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $110.62, for a total value of $102,765.98. Following the sale, the insider now directly owns 35,393 shares of the company’s stock, valued at $3,915,173.66. The sale was disclosed in a legal filing with the SEC, which is available at this link. Over the last three months, insiders sold 2,785 shares of company stock worth $354,208. Insiders own 0.39% of the company’s stock.

About International Flavors & Fragrances

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures flavors and fragrances for use in various consumer products. It operates through three segments: Taste, Scent, and Frutarom. The Taste segment offers flavor compounds primarily to the food and beverage industries for use in consumer products, such as prepared foods, beverages, dairy, food, and sweet products.

Further Reading: How to find the components of the quick ratio

Dividend History for International Flavors & Fragrances (NYSE:IFF)

Receive News & Ratings for International Flavors & Fragrances Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Flavors & Fragrances and related companies with's FREE daily email newsletter.