NEW YORK--(BUSINESS WIRE)--Jul. 30, 2013--
The Board of Directors of International Flavors & Fragrances Inc. (NYSE:
IFF) today authorized a quarterly dividend of $0.39 per share of the
Company’s common stock, an increase of $0.05 or 15% from the current
quarterly dividend of $0.34 per share. The quarterly dividend will be
distributed October 10, 2013, to shareholders of record at the close of
business on September 26, 2013.
Including this authorization, IFF’s quarterly dividend payment will have
grown by a compound annual growth rate of 13% over the last three years.
Doug Tough, IFF’s Chairman and CEO, said, “The increase in our quarterly
dividend combined with our existing share repurchase program
demonstrates our confidence in IFF’s long-term growth prospects and
commitment to returning capital to shareholders.”
About International Flavors & Fragrances Inc.
International Flavors & Fragrances Inc. (NYSE: IFF) is a leading global
creator of flavors and fragrances used in a wide variety of consumer
products. Consumers experience these unique scents and tastes in fine
fragrances and beauty care, detergents and household goods, as well as
beverages, sweet goods and food products. The Company leverages its
competitive advantages of consumer insight, research and development,
creative expertise, and customer intimacy to provide customers with
innovative and differentiated product offerings. A member of the S&P 500
Index, IFF has more than 5,800 employees working in 32 countries
worldwide. For more information, please visit our website at www.iff.com.
Cautionary Statement Under The Private Securities Litigation Reform
Act of 1995
This press release includes “forward-looking statements” under the
Federal Private Securities Litigation Reform Act of 1995, including
statements regarding the Company’s expectation that it will continue to
increase its dividends while investing in attractive growth
opportunities. These forward-looking statements are qualified in their
entirety by cautionary statements and risk factor disclosures contained
in the Company’s Securities and Exchange Commission filings, including
the Company’s Annual Report on Form 10-K filed with the Commission on
February 26, 2013. The Company wishes to caution readers that certain
important factors may have affected and could in the future affect the
Company’s expectations that could cause the Company’s actual results for
subsequent periods to differ materially from those expressed in any
forward-looking statements made by or on behalf of the Company. With
respect to the Company’s expectations regarding our long-term growth
prospects and commitment to return cash to shareholders, such factors
include, but are not limited to: (1) the economic climate for the
Company’s industry and demand for the Company’s products; (2)
fluctuations in the price, quality and availability of raw materials;
(3) decline in consumer confidence and spending; (4) changes in consumer
preferences; (5) the Company’s ability to implement its business
strategy, including the achievement of anticipated cost savings,
profitability, realization of price increases and growth targets; (6)
the effects of any unanticipated costs and construction or start-up
delays in the expansion of the Company’s facilities; and (7) the
Company’s ability to successfully develop new and competitive products
and enter and expand its sales in new and other emerging markets. New
risks emerge from time to time and it is not possible for management to
predict all such risk factors or to assess the impact of such risks on
the Company’s business. Accordingly, the Company undertakes no
obligation to publicly update or revise any forward-looking statements,
whether as a result of new information, future events, or otherwise.
Source: International Flavors & Fragrances Inc.
Investors:
International Flavors & Fragrances Inc.
Shelley
Young, 212-708-7271
Director, Investor Relations
