IFF Increases Quarterly Dividend 8% to $0.69 per share
August 02 2017 - 4:15PM
Business Wire
Regulatory News:
International Flavors & Fragrances Inc. (NYSE: IFF)
(Euronext Paris: IFF), a leading innovator of sensory experiences
that move the world, authorized a quarterly dividend of $0.69 per
share of the Company’s common stock, an increase of $0.05, or 8%,
from the current quarterly dividend of $0.64 per share. The
quarterly dividend will be payable on October 6, 2017 to
shareholders of record as of September 25, 2017.
“I am pleased with IFF’s continued commitment to balance
reinvestment opportunities in the business with return of capital
to shareholders,” said IFF Chairman and CEO Andreas Fibig. “The
increased dividend is well aligned with our disciplined approach to
capital allocation – returning 50% to 60% of adjusted net income –
as we strategically invest to drive long-term sustainable growth
while returning value to our shareholders. This increase
underscores our confidence in our continued financial strength and
the long-term outlook of our business."
Meet IFF
International Flavors & Fragrances Inc. (NYSE:IFF) (Euronext
Paris: IFF) is a leading innovator of sensorial experiences that
move the world. At the heart of our company, we are fueled by a
sense of discovery, constantly asking “what if?”. That passion for
exploration drives us to co-create unique products that consumers
taste, smell, or feel in fine fragrances and beauty, detergents and
household goods, as well as beloved foods and beverages. Our 7,400
team members globally take advantage of leading consumer insights,
research and development, creative expertise, and customer intimacy
to develop differentiated offerings for consumer products. Learn
more at www.iff.com, Twitter, Facebook, Instagram, and
LinkedIn.
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version on businesswire.com: http://www.businesswire.com/news/home/20170802006353/en/
International Flavors & Fragrances Inc.Michael
DeVeau, 212-708-7164VP, Corporate Strategy, Investor Relations
& CommunicationsMichael.DeVeau@iff.com
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