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

International Flavors & Fragrances Inc. (NYSE:IFF) announced a quarterly dividend on Wednesday, March 4th. Investors of record on Friday, March 20th will be given a dividend of 0.40 per share by the specialty chemicals company on Friday, April 10th. This represents a c) dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Friday, March 20th.

International Flavors & Fragrances has decreased its dividend by an average of 0.1%per year over the last three years. International Flavors & Fragrances has a payout ratio of 35.3% 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

International Flavors & Fragrances stock opened at $78.23 on Thursday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.85 and a current ratio of 1.42. International Flavors & Fragrances has a fifty-two week low of $59.14 and a fifty-two week high of $84.45. The stock has a fifty day moving average of $73.90 and a two-hundred day moving average of $67.92. The company has a market capitalization of $19.99 billion, a price-to-earnings ratio of -57.10, a PEG ratio of 2.07 and a beta of 0.99.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings data on Wednesday, February 11th. The specialty chemicals company reported $0.80 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.05). The company had revenue of $2.59 billion for the quarter, compared to analysts’ expectations of $2.52 billion. International Flavors & Fragrances had a positive return on equity of 7.67% and a negative net margin of 3.20%.The company’s revenue for the quarter was down 6.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.97 EPS. On average, analysts anticipate that International Flavors & Fragrances will post 4.32 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Ruffer LLP purchased a new stake in International Flavors & Fragrances during the 3rd quarter worth $13,552,000. Creative Planning increased its position in shares of International Flavors & Fragrances by 347.5% during the second quarter. Creative Planning now owns 85,345 shares of the specialty chemicals company’s stock worth $6,277,000 after acquiring an additional 66,273 shares during the last quarter. Clarkston Capital Partners LLC acquired a new position in shares of International Flavors & Fragrances in the second quarter worth about $11,939,000. JPMorgan Chase & Co. grew its stake in International Flavors & Fragrances by 28.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,098,575 shares of the specialty chemicals company’s stock valued at $67,612,000 after purchasing an additional 245,719 shares in the last quarter. Finally, State Street Corp increased its holdings in International Flavors & Fragrances by 3.6% during the 2nd quarter. State Street Corp now owns 10,884,974 shares of the specialty chemicals company’s stock worth $804,753,000 after purchasing an additional 381,593 shares during 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) is a global leader in the creation and production of flavors, fragrances, cosmetic actives and nutritional lipids. The company develops taste and scent solutions for a wide array of end markets including food and beverage, personal care, household goods and pharmaceutical products. Its portfolio spans natural and nature-identical flavors, fine fragrances, functional ingredients for skin and hair care, and specialty oils that enhance nutritional value and sensory appeal.

IFF’s research and development network comprises innovation centers in North America, Europe, Asia-Pacific and Latin America, where multidisciplinary teams collaborate on aroma chemistry, sensory science and biotechnology.