NEW YORK--(BUSINESS WIRE)--Aug. 2, 2017--
International Flavors & Fragrances Inc. (NYSE: IFF) (Euronext Paris:
IFF), a leading innovator of sensory experiences that move the world,
authorized a quarterly dividend of $0.69 per share of the Company’s
common stock, an increase of $0.05, or 8%, from the current quarterly
dividend of $0.64 per share. The quarterly dividend will be payable on
October 6, 2017 to shareholders of record as of September 25, 2017.
“I am pleased with IFF’s continued commitment to balance reinvestment
opportunities in the business with return of capital to shareholders,”
said IFF Chairman and CEO Andreas Fibig. “The increased dividend is well
aligned with our disciplined approach to capital allocation – returning
50% to 60% of adjusted net income – as we strategically invest to drive
long-term sustainable growth while returning value to our shareholders.
This increase underscores our confidence in our continued financial
strength and the long-term outlook of our business."
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 7,400 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,
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Source: International Flavors & Fragrances Inc.
International Flavors & Fragrances Inc.
VP, Corporate Strategy, Investor Relations &