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

International Flavors & Fragrances Inc. (NYSE:IFF) declared a quarterly dividend on Wednesday, October 28th. Shareholders of record on Saturday, December 19th will be paid a dividend of $0.40 per share by the specialty chemicals company on Wednesday, January 13th. This represents a $1.60 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Friday, December 18th.

International Flavors & Fragrances has decreased its dividend payment 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. Equities research analysts expect International Flavors & Fragrances to earn $4.18 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 38.3%.

International Flavors & Fragrances Price Performance

International Flavors & Fragrances stock opened at $90.50 on Thursday. The company has a current ratio of 2.06, a quick ratio of 1.72 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $23.09 billion, a P/E ratio of 83.02, a PEG ratio of 4.04 and a beta of 0.91. The business has a 50-day moving average of $86.51 and a 200-day moving average of $78.30. International Flavors & Fragrances has a 1 year low of $61.29 and a 1 year high of $94.65.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings results on Tuesday, August 4th. The specialty chemicals company reported $0.82 earnings per share for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.25). The firm had revenue of $1.95 billion during the quarter, compared to analyst estimates of $2.62 billion. International Flavors & Fragrances had a net margin of 2.78% and a return on equity of 7.11%. The business’s revenue was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.15 earnings per share. On average, equities analysts anticipate that International Flavors & Fragrances will post 3.24 EPS for the current year.

Insider Activity

In other news, EVP Michael Deveau sold 8,825 shares of International Flavors & Fragrances stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $85.55, for a total value of $754,978.75. Following the sale, the executive vice president directly owned 5,199 shares in the company, valued at $444,774.45. This trade represents a 62.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider De Mendonca Ana Paula Teles sold 5,718 shares of International Flavors & Fragrances stock in a transaction on Monday, August 17th. The shares were sold at an average price of $83.19, for a total transaction of $475,680.42. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 15,543 shares of company stock worth $1,315,659 over the last three months. Corporate insiders own 1.07% of the company’s stock.

Hedge Funds Weigh In On International Flavors & Fragrances

Institutional investors have recently bought and sold shares of the business. BlackRock Inc. bought a new stake in shares of International Flavors & Fragrances during the second quarter worth approximately $1,835,955,000. Nykredit A S acquired a new position in shares of International Flavors & Fragrances in the second quarter valued at approximately $223,065,000. Bank of America Corp DE bought a new position in shares of International Flavors & Fragrances during the second quarter worth approximately $131,760,000. Bank of New York Mellon Corp bought a new position in shares of International Flavors & Fragrances during the second quarter worth approximately $122,792,000. Finally, Canada Pension Plan Investment Board bought a new position in shares of International Flavors & Fragrances during the second quarter worth approximately $107,310,000. Institutional investors and hedge funds own 96.02% of the company’s stock.

International Flavors & Fragrances Company Profile

International Flavors & Fragrances Inc (NYSE:IFF) develops and manufactures ingredients, flavor systems, fragrances and specialty solutions used in consumer and industrial products. Its offerings support food and beverage manufacturers, fragrance and personal care companies, household-product makers, pharmaceutical businesses and other customers.

The company’s portfolio includes flavors for beverages, dairy products, sweet goods, savory foods and other applications; fragrances for fine fragrance, personal care and home care products; and functional ingredients, enzymes, cultures, natural extracts and other specialty materials.