International Flavors & Fragrances Inc. (IFF) to Issue Quarterly Dividend of $0.40 on April 11th

International Flavors & Fragrances Inc. (NYSE:IFF) announced a quarterly dividend on Wednesday, March 5th, Wall Street Journal reports. Shareholders of record on Friday, March 21st will be given a dividend of 0.40 per share by the specialty chemicals company on Friday, April 11th. This represents a $1.60 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date is Friday, March 21st.

International Flavors & Fragrances has decreased its dividend by an average of 20.0% per year over the last three years. International Flavors & Fragrances has a payout ratio of 35.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect International Flavors & Fragrances to earn $4.67 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 34.3%.

International Flavors & Fragrances Stock Performance

IFF stock opened at $82.08 on Friday. The company has a quick ratio of 1.93, a current ratio of 1.84 and a debt-to-equity ratio of 0.54. The business’s fifty day simple moving average is $83.90 and its two-hundred day simple moving average is $92.54. International Flavors & Fragrances has a twelve month low of $77.33 and a twelve month high of $106.77. The firm has a market cap of $20.99 billion, a price-to-earnings ratio of 87.32, a PEG ratio of 1.45 and a beta of 1.21.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings results on Tuesday, February 18th. The specialty chemicals company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.83 by $0.14. The firm had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.67 billion. International Flavors & Fragrances had a return on equity of 7.72% and a net margin of 2.12%. Analysts predict that International Flavors & Fragrances will post 4.32 earnings per share for the current year.

Insider Transactions at International Flavors & Fragrances

In other news, Director Kevin O’byrne purchased 6,500 shares of the stock in a transaction dated Wednesday, March 5th. The shares were purchased at an average cost of $80.44 per share, with a total value of $522,860.00. Following the completion of the purchase, the director now directly owns 6,500 shares of the company’s stock, valued at approximately $522,860. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Barclays lowered their price target on International Flavors & Fragrances from $90.00 to $88.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. Wells Fargo & Company decreased their target price on International Flavors & Fragrances from $115.00 to $105.00 and set an “overweight” rating for the company in a report on Thursday, February 20th. Argus raised International Flavors & Fragrances from a “hold” rating to a “buy” rating in a report on Tuesday, January 7th. JPMorgan Chase & Co. decreased their target price on International Flavors & Fragrances from $107.00 to $104.00 and set an “overweight” rating for the company in a report on Thursday, February 20th. Finally, Morgan Stanley raised International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and decreased their target price for the stock from $111.00 to $110.00 in a report on Tuesday, November 12th. One analyst has rated the stock with a sell rating, three have given a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, International Flavors & Fragrances has a consensus rating of “Moderate Buy” and an average target price of $103.50.

About International Flavors & Fragrances

International Flavors & Fragrances, Inc engages in the manufacture and supply of flavors and fragrances used in the food, beverage, personal care, and household products industries. It operates through the following segments: Nourish, Health & Biosciences, Scent and Pharma Solutions. The Nourish segment consists of legacy Taste segment combined with N&B’s Food & Beverage division and the food protection business of N&B’s Health & Biosciences division.