International Flavors & Fragrances Inc. (NYSE:IFF) Shares Will Pay Quarterly Dividend of $0.40

Key Points

• International Flavors & Fragrances declared a quarterly dividend of $0.40 per share, payable January 13 to shareholders of record December 19. The annualized dividend is $1.60, representing a 1.8% yield.
• The dividend appears supported by earnings, with a current payout ratio of 35.3% and an expected future payout ratio of 38.3%, although payments have declined slightly on average over the past three years.
• IFF’s latest quarterly results fell short of analyst expectations, reporting $0.82 in EPS versus $1.07 expected and revenue of $1.95 billion versus a $2.62 billion consensus estimate. The stock opened at $90.50, near its 52-week high of $94.65.

International Flavors & Fragrances Inc. (NYSE:IFF - Get Free Report) announced a quarterly dividend on Wednesday, October 28th. Investors of record on Saturday, December 19th will be paid a dividend of $0.40 per share by the specialty chemicals company on Wednesday, January 13th. This represents a $1.60 annualized dividend and a yield of 1.8%. The ex-dividend date is Friday, December 18th.

International Flavors & Fragrances has decreased its dividend payment by an average of 0.1% annually over the last three years. International Flavors & Fragrances has a dividend payout ratio of 35.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect International Flavors & Fragrances to earn $4.18 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 38.3%.

International Flavors & Fragrances Trading Down 2.9%

NYSE:IFF opened at $90.50 on Thursday. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.06 and a quick ratio of 1.72. The business's 50-day simple moving average is $86.51 and its 200-day simple moving average is $78.30. International Flavors & Fragrances has a fifty-two week low of $61.29 and a fifty-two week high of $94.65. The stock has a market capitalization of $23.09 billion, a PE ratio of 83.02, a price-to-earnings-growth ratio of 4.04 and a beta of 0.91.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last released its 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). International Flavors & Fragrances had a return on equity of 7.11% and a net margin of 2.78%. The firm had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $2.62 billion. During the same quarter last year, the company posted $1.15 EPS. International Flavors & Fragrances's revenue for the quarter was up 1.8% on a year-over-year basis. Sell-side analysts expect that International Flavors & Fragrances will post 3.24 earnings per share for the current fiscal year.

Insider Transactions at International Flavors & Fragrances

In other International Flavors & Fragrances news, insider De Mendonca Ana Paula Teles sold 5,718 shares of the business's stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $83.19, for a total transaction of $475,680.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Michael Deveau sold 8,825 shares of the firm's stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $85.55, for a total transaction of $754,978.75. Following the completion of the sale, the executive vice president owned 5,199 shares in the company, valued at approximately $444,774.45. The trade was a 62.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 15,543 shares of company stock valued at $1,315,659. Corporate insiders own 1.07% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Korea Investment CORP purchased a new position in shares of International Flavors & Fragrances in the 2nd quarter valued at approximately $3,170,000. QRG Capital Management Inc. boosted its position in shares of International Flavors & Fragrances by 815.7% during the second quarter. QRG Capital Management Inc. now owns 35,485 shares of the specialty chemicals company's stock valued at $2,811,000 after purchasing an additional 31,610 shares in the last quarter. Empowered Funds LLC purchased a new stake in International Flavors & Fragrances in the second quarter worth $3,203,000. Murphy Pohlad Asset Management LLC purchased a new stake in International Flavors & Fragrances in the second quarter worth $1,481,000. Finally, Louisiana State Employees Retirement System bought a new position in International Flavors & Fragrances in the first quarter worth $950,000. 96.02% of the stock is owned by institutional investors and hedge funds.

International Flavors & Fragrances Company Profile

International Flavors & Fragrances Inc NYSE: IFF develops and manufactures ingredients, flavor systems, fragrances and specialty solutions used in consumer and industrial products. Its offerings support food and beverage manufacturers, fragrance and personal care companies, household-product makers, pharmaceutical businesses and other customers.

The company's portfolio includes flavors for beverages, dairy products, sweet goods, savory foods and other applications; fragrances for fine fragrance, personal care and home care products; and functional ingredients, enzymes, cultures, natural extracts and other specialty materials.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.