International Flavors & Fragrances Inc. (IFF) to Distribute Quarterly Dividend of $0.40 on October 9th

International Flavors & Fragrances Inc. (NYSE:IFF) declared a quarterly dividend on Tuesday, July 28th. Shareholders of record on Friday, September 18th will be given a dividend of 0.40 per share by the specialty chemicals company on Friday, October 9th. This represents a c) annualized dividend and a yield of 1.9%. The ex-dividend date is Friday, September 18th.

International Flavors & Fragrances has decreased its dividend by an average of 0.1%annually over the last three years. International Flavors & Fragrances has a dividend payout ratio of 35.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect International Flavors & Fragrances to earn $4.01 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 39.9%.

International Flavors & Fragrances Stock Up 0.9%

International Flavors & Fragrances stock opened at $84.16 on Wednesday. The stock’s fifty day moving average is $82.10 and its two-hundred day moving average is $77.16. The stock has a market cap of $21.47 billion, a PE ratio of 77.21, a P/E/G ratio of 3.25 and a beta of 0.94. International Flavors & Fragrances has a 1-year low of $59.14 and a 1-year high of $89.32. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.06 and a quick ratio of 1.72.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings results on Tuesday, August 4th. The specialty chemicals company reported $0.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.25). The business had revenue of $1.95 billion during the quarter, compared to analyst estimates of $2.62 billion. International Flavors & Fragrances had a net margin of 2.78% and a return on equity of 7.11%. The business’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period last year, the company earned $1.15 earnings per share. On average, sell-side analysts expect that International Flavors & Fragrances will post 3.08 EPS for the current fiscal year.

Insider Activity

In other International Flavors & Fragrances news, insider De Mendonca Ana Paula Teles sold 5,718 shares of the stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $83.19, for a total transaction of $475,680.42. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CAO Marc Birenkrant sold 1,000 shares of the company’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $85.00, for a total value of $85,000.00. Following the sale, the chief accounting officer owned 3,446 shares of the company’s stock, valued at approximately $292,910. The trade was a 22.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 15,543 shares of company stock valued at $1,315,659 over the last quarter. Company insiders own 1.07% of the company’s stock.

Institutional Trading of International Flavors & Fragrances

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Lloyd Advisory Services LLC. bought a new stake in International Flavors & Fragrances during the fourth quarter valued at $27,000. Root Financial Partners LLC increased its stake in shares of International Flavors & Fragrances by 97.9% in the first quarter. Root Financial Partners LLC now owns 554 shares of the specialty chemicals company’s stock valued at $40,000 after purchasing an additional 274 shares during the period. Parkside Financial Bank & Trust raised its stake in International Flavors & Fragrances by 27.9% during the 2nd quarter. Parkside Financial Bank & Trust now owns 706 shares of the specialty chemicals company’s stock valued at $56,000 after acquiring an additional 154 shares in the last quarter. Westpac Banking Corp bought a new stake in shares of International Flavors & Fragrances during the second quarter valued at about $91,000. Finally, IFP Advisors Inc raised its position in shares of International Flavors & Fragrances by 575.8% during the 4th quarter. IFP Advisors Inc now owns 1,622 shares of the specialty chemicals company’s stock worth $109,000 after buying an additional 1,382 shares in the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

About International Flavors & Fragrances

International Flavors & Fragrances Inc (NYSE:IFF) develops and manufactures ingredients, flavor systems, fragrances and related solutions used in consumer and industrial products. Its offerings help customers create or enhance the taste, aroma, texture, appearance and performance of products across the food, beverage, personal care, home care, health and pharmaceutical markets.

IFF’s business includes natural and synthetic flavor compounds, fragrance ingredients and compositions, cosmetic and personal-care ingredients, specialty food ingredients, enzymes, cultures, probiotics and other bioscience-based solutions.