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HomeMarketResultsInternational Flavors & Fragrances Inc. Plans Quarterly Dividend of $0.81 (NYSE:IFF)

International Flavors & Fragrances Inc. Plans Quarterly Dividend of $0.81 (NYSE:IFF)


Worldwide Flavors & Fragrances Inc. (NYSE:IFFGet Rating) introduced a quarterly dividend on Wednesday, December 14th, Zacks stories. Traders of file on Wednesday, December twenty eighth shall be given a dividend of 0.81 per share by the specialty chemical substances firm on Friday, January sixth. This represents a $3.24 dividend on an annualized foundation and a dividend yield of three.12%. The ex-dividend date of this dividend is Tuesday, December twenty seventh.

Worldwide Flavors & Fragrances has raised its dividend cost by a mean of three.2% yearly during the last three years and has raised its dividend yearly for the final 19 years. Worldwide Flavors & Fragrances has a dividend payout ratio of 56.3% which means its dividend is sufficiently coated by earnings. Analysts count on Worldwide Flavors & Fragrances to earn $5.77 per share subsequent 12 months, which suggests the corporate ought to proceed to have the ability to cowl its $3.24 annual dividend with an anticipated future payout ratio of 56.2%.

Worldwide Flavors & Fragrances Buying and selling Up 0.6 %

International Flavors & Fragrances stock opened at $103.90 on Monday. Worldwide Flavors & Fragrances has a one 12 months low of $83.14 and a one 12 months excessive of $151.86. The enterprise has a fifty day transferring common of $99.63 and a two-hundred day transferring common of $107.82. The corporate has a debt-to-equity ratio of 0.61, a present ratio of 1.79 and a fast ratio of 0.93.

Worldwide Flavors & Fragrances (NYSE:IFFGet Rating) final introduced its quarterly earnings knowledge on Monday, November seventh. The specialty chemical substances firm reported $1.36 EPS for the quarter, beating the consensus estimate of $1.30 by $0.06. Worldwide Flavors & Fragrances had a detrimental web margin of 13.91% and a constructive return on fairness of seven.31%. The agency had income of $3.06 billion through the quarter, in comparison with analysts’ expectations of $3.03 billion. Analysis analysts forecast that Worldwide Flavors & Fragrances will submit 5.59 EPS for the present fiscal 12 months.

Wall Avenue Analyst Weigh In

A number of equities analysts lately weighed in on the corporate. StockNews.com raised Worldwide Flavors & Fragrances from a “promote” score to a “maintain” score in a analysis observe on Friday. Deutsche Financial institution Aktiengesellschaft minimize their worth goal on Worldwide Flavors & Fragrances from $115.00 to $110.00 in a analysis observe on Friday, November eleventh. Robert W. Baird lowered their worth goal on shares of Worldwide Flavors & Fragrances from $140.00 to $120.00 and set an “outperform” score on the inventory in a analysis observe on Wednesday, November ninth. JPMorgan Chase & Co. downgraded shares of Worldwide Flavors & Fragrances from an “obese” score to a “impartial” score and dropped their goal worth for the corporate from $125.00 to $96.00 in a report on Wednesday, November ninth. Lastly, Stifel Nicolaus diminished their worth goal on shares of Worldwide Flavors & Fragrances from $153.00 to $130.00 in a report on Thursday, October thirteenth. One equities analysis analyst has rated the inventory with a promote score, six have given a maintain score and ten have issued a purchase score to the inventory. Primarily based on knowledge from MarketBeat, the corporate presently has a mean score of “Average Purchase” and a mean goal worth of $122.63.

Institutional Traders Weigh In On Worldwide Flavors & Fragrances

A number of hedge funds have lately made adjustments to their positions in IFF. SVB Wealth LLC lifted its place in Worldwide Flavors & Fragrances by 4.0% through the first quarter. SVB Wealth LLC now owns 2,077 shares of the specialty chemical substances firm’s inventory price $273,000 after shopping for an extra 79 shares through the interval. Covestor Ltd boosted its place in shares of Worldwide Flavors & Fragrances by 48.8% within the first quarter. Covestor Ltd now owns 244 shares of the specialty chemical substances firm’s inventory price $32,000 after buying an extra 80 shares over the last quarter. Raymond James Belief N.A. grew its holdings in Worldwide Flavors & Fragrances by 2.4% within the first quarter. Raymond James Belief N.A. now owns 3,792 shares of the specialty chemical substances firm’s inventory valued at $498,000 after buying an extra 90 shares through the interval. Kinneret Advisory LLC elevated its place in Worldwide Flavors & Fragrances by 2.3% through the first quarter. Kinneret Advisory LLC now owns 11,073 shares of the specialty chemical substances firm’s inventory price $1,463,000 after buying an extra 248 shares over the last quarter. Lastly, Meiji Yasuda Life Insurance coverage Co raised its stake in Worldwide Flavors & Fragrances by 3.4% through the first quarter. Meiji Yasuda Life Insurance coverage Co now owns 8,077 shares of the specialty chemical substances firm’s inventory price $1,061,000 after buying an extra 262 shares through the interval. Institutional buyers and hedge funds personal 88.86% of the corporate’s inventory.

About Worldwide Flavors & Fragrances

(Get Rating)

Worldwide Flavors & Fragrances Inc, along with its subsidiaries, manufactures and sells beauty lively and pure well being elements to be used in numerous shopper merchandise in Europe, Africa, the Center East, Better Asia, North America, and Latin America. It operates by way of Nourish, Scent, Well being & Biosciences, and Pharma Options segments.

Featured Tales

Dividend History for International Flavors & Fragrances (NYSE:IFF)

This instantaneous information alert was generated by narrative science expertise and monetary knowledge from MarketBeat with a view to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial staff previous to publication. Please ship any questions or feedback about this story to contact@marketbeat.com.

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