Coty Inc. Declares Quarterly Dividend
May 10 2017 - 06:30AM
Business Wire
The Board of Directors of Coty Inc. (NYSE:COTY) declared a
quarterly cash dividend of $0.125 per common share, payable on June
13, 2017, to shareholders of record on May 31, 2017.
About Coty Inc.
Coty is one of the world’s largest beauty companies with
approximately $9 billion in revenue, with a purpose to celebrate
and liberate the diversity of consumers’ beauty. Its strong
entrepreneurial heritage has created an iconic portfolio of leading
beauty brands. Coty is the global leader in fragrance, a strong
number two in professional salon hair color & styling, and
number three in color cosmetics. Coty operates three divisions –
Coty Consumer Beauty, which is focused on color cosmetics, retail
hair coloring and styling products, body care and mass fragrances
sold primarily in the mass retail channels with brands such as
COVERGIRL, Max Factor and Rimmel; Coty Luxury, which is focused on
prestige fragrances and skincare with brands such as Calvin Klein,
Marc Jacobs, Hugo Boss, Gucci and philosophy; and Coty Professional
Beauty, which is focused on servicing salon owners and
professionals in both hair and nail, with brands such as Wella
Professionals, Sebastian Professional, OPI and ghd. Coty has
approximately 20,000 colleagues globally and its products are sold
in over 130 countries. Coty and its brands are committed to a range
of social causes as well as seeking to minimize its impact on the
environment.
For additional information about Coty Inc., please visit
www.coty.com.
Forward-Looking Statements
Certain statements in this communication may be “forward-looking
statements” within the meaning of the Private Securities Litigation
Act of 1995. These forward-looking statements reflect Coty Inc.’s
(“Coty”) current views with respect to, among other things, Coty’s
capital allocation strategy and payment of dividends, future
ability to return cash to shareholders, and Coty’s ability to
support its planned business operations in the near-term and
long-term basis. These statements are based on certain assumptions
and estimates that Coty considers reasonable and are subject to a
number of risks and uncertainties, many of which are beyond the
control of Coty, which could cause actual events or results to
differ materially from such statements, including: (1) a change in
Coty’s capital allocation strategy, including M&A activity,
impacting the return of cash to shareholders and its financial
ability to declare dividends on a quarterly payout schedule or at
all, including declaration and payment of future quarterly
dividends for the remainder of the fiscal year ending June 30,
2017, and the amount of any such dividend; (2) Coty’s ability to
achieve its global business strategy, compete effectively in the
beauty industry and achieve the benefits contemplated by its recent
strategic transactions within the expected time frame, including
its ability to manage cash flow, liabilities and any disruptions in
its operations and realize synergies from its joint ventures and
recent acquisitions, including from the integration from The
Procter & Gamble Company’s global fine fragrances, salon
professional, cosmetics and retail hair business ; (3) restrictions
imposed on Coty through its credit facilities, including
restrictions on Coty’s ability to pay dividends and changes in the
manner in which Coty finances its debt and future capital needs,
including potential acquisitions; (4) global political and/or
economic uncertainties and disruptions; and (5) other factors
described from time to time in documents that Coty files with the
U.S. Securities and Exchange Commission (the “SEC”). More
information about these and other factors is included under the
heading “Risk Factors” and “Management’s Discussion and Analysis of
Financial Condition and Results of Operations” in Coty’s Quarterly
Report on Form 10-Q for the fiscal quarter ended December 31, 2016
and other periodic reports Coty has filed and may file with the SEC
from time to time. All forward-looking statements made in this
communication are qualified by these cautionary statements. These
forward-looking statements are made only as of the date of this
communication, and Coty does not undertake any obligation, other
than as may be required by law, to update or revise any
forward-looking or cautionary statements to reflect changes in
assumptions, the occurrence of events, unanticipated or otherwise,
or changes in future operating results over time or otherwise.
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version on businesswire.com: http://www.businesswire.com/news/home/20170510005137/en/
CotyInvestor RelationsKevin Monaco, +1 212 389
6815orMediaJennifer Friedman, +1 212 389 7175
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