IFF Increases Quarterly Dividend 6% to $0.73 per share
NEW YORK--(BUSINESS WIRE)--Aug 1, 2018--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 $0.73 per share of the Company’s common stock, an increase of 6%, from the current quarterly dividend of $0.69 per share. The quarterly dividend will be payable on October 5, 2018 to shareholders of record as of September 24, 2018.
“Increasing our dividend today reflects the Board’s confidence in the cash generation potential and financial strength of the Company,” said IFF Chairman and CEO Andreas Fibig. “IFF maintains a disciplined approach to capital allocation as we continue to accelerate growth through organic investments and strategic acquisitions, while returning significant capital to shareholders. Consistent with this approach, today’s announcement marks the ninth consecutive year that the Board has approved an increase in our quarterly dividend. This comes as we combine with Frutarom – announced in May – to create a global leader in natural taste, scent and nutrition, and bring our customers a strong, more differentiated offering in fast-growing and diverse markets. We look forward to completing the transaction and executing on our strategy to continue to generate long-term value for our shareholders.”
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 7,300 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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Michael DeVeau, 212-708-7164
VP, Corporate Strategy, Investor Relations & Communications
KEYWORD: UNITED STATES EUROPE NORTH AMERICA FRANCE NEW YORK
INDUSTRY KEYWORD: MANUFACTURING CHEMICALS/PLASTICS PROFESSIONAL SERVICES FINANCE RETAIL COSMETICS
SOURCE: International Flavors & Fragrances Inc.
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PUB: 08/01/2018 04:15 PM/DISC: 08/01/2018 04:15 PM