International Flavors & Fragrances Inc (IFF) to Issue $0.69 Quarterly Dividend

International Flavors & Fragrances Inc (NYSE:IFF) declared a quarterly dividend on Wednesday, December 13th, RTT News reports. Stockholders of record on Friday, December 29th will be paid a dividend of 0.69 per share by the specialty chemicals company on Monday, January 8th. This represents a $2.76 annualized dividend and a dividend yield of 1.79%. The ex-dividend date of this dividend is Thursday, December 28th.

International Flavors & Fragrances has raised its dividend payment by an average of 16.8% annually over the last three years and has increased its dividend annually for the last 8 consecutive years. International Flavors & Fragrances has a payout ratio of 47.8% meaning its dividend is sufficiently covered by earnings. Analysts expect International Flavors & Fragrances to earn $6.29 per share next year, which means the company should continue to be able to cover its $2.76 annual dividend with an expected future payout ratio of 43.9%.

Shares of International Flavors & Fragrances (NYSE IFF) opened at $153.78 on Thursday. The firm has a market capitalization of $12,140.00, a P/E ratio of 29.46, a P/E/G ratio of 2.87 and a beta of 1.19. International Flavors & Fragrances has a 52 week low of $114.77 and a 52 week high of $157.22. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.77 and a current ratio of 2.66.

International Flavors & Fragrances (NYSE:IFF) last posted its earnings results on Monday, November 6th. The specialty chemicals company reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.05. The firm had revenue of $872.90 million during the quarter, compared to analysts’ expectations of $847.63 million. International Flavors & Fragrances had a return on equity of 27.13% and a net margin of 12.57%. The firm’s revenue was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.34 earnings per share. analysts forecast that International Flavors & Fragrances will post 5.78 EPS for the current year.

In other International Flavors & Fragrances news, EVP Anne Chwat sold 3,000 shares of International Flavors & Fragrances stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $149.61, for a total transaction of $448,830.00. Following the transaction, the executive vice president now owns 39,157 shares of the company’s stock, valued at $5,858,278.77. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.48% of the company’s stock.

Several research firms recently weighed in on IFF. Zacks Investment Research cut International Flavors & Fragrances from a “buy” rating to a “hold” rating in a research note on Wednesday. KeyCorp boosted their target price on International Flavors & Fragrances from $148.00 to $156.00 and gave the stock an “overweight” rating in a research note on Monday, October 16th. UBS Group restated a “buy” rating and set a $166.00 target price (up previously from $151.00) on shares of International Flavors & Fragrances in a research note on Tuesday, November 7th. Finally, Berenberg Bank restated a “buy” rating and set a $160.00 target price on shares of International Flavors & Fragrances in a research note on Friday, November 10th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $147.50.

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About International Flavors & Fragrances

International Flavors & Fragrances Inc creates, manufactures and supplies flavors and fragrances (including cosmetic active ingredients) used to impart or improve flavor or fragrance in a range of consumer products. The Company operates in two segments: Flavors and Fragrances. The Flavors segment offers flavor compounds that are sold to the food and beverage industries for use in consumer products, such as prepared foods, beverages, dairy, food and sweet products.

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

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