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

International Flavors & Fragrances Inc. (NYSE:IFF) declared a quarterly dividend on Wednesday, March 5th, Wall Street Journal reports. Investors of record on Friday, March 21st will be given a dividend of 0.40 per share by the specialty chemicals company on Friday, April 11th. This represents a $1.60 annualized dividend and a dividend yield of 1.98%. The ex-dividend date is Friday, March 21st.

International Flavors & Fragrances has decreased its dividend payment by an average of 20.0% annually over the last three years. International Flavors & Fragrances has a dividend payout ratio of 36.1% indicating that its dividend is sufficiently covered by earnings. Equities 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 Trading Down 1.5 %

Shares of International Flavors & Fragrances stock opened at $80.77 on Wednesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.84 and a quick ratio of 1.93. International Flavors & Fragrances has a 1 year low of $78.91 and a 1 year high of $106.77. The firm has a market cap of $20.65 billion, a PE ratio of 85.93, a PEG ratio of 1.45 and a beta of 1.21. The company has a 50 day simple moving average of $83.38 and a two-hundred day simple moving average of $91.21.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings data on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.14. The company had revenue of $2.77 billion for the quarter, compared to analysts’ expectations of $2.67 billion. International Flavors & Fragrances had a return on equity of 7.72% and a net margin of 2.12%. Analysts expect that International Flavors & Fragrances will post 4.32 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

IFF has been the subject of a number of research reports. Wells Fargo & Company cut their price objective on shares of International Flavors & Fragrances from $115.00 to $105.00 and set an “overweight” rating for the company in a research note on Thursday, February 20th. Stifel Nicolaus lowered their price target on International Flavors & Fragrances from $113.00 to $105.00 and set a “buy” rating for the company in a research report on Monday, February 3rd. JPMorgan Chase & Co. cut their price objective on International Flavors & Fragrances from $107.00 to $104.00 and set an “overweight” rating on the stock in a research report on Thursday, February 20th. Bank of America decreased their target price on International Flavors & Fragrances from $105.00 to $101.00 and set a “buy” rating for the company in a report on Thursday, February 20th. Finally, Oppenheimer dropped their price target on International Flavors & Fragrances from $114.00 to $104.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. One analyst has rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $103.50.

Insider Activity

In other International Flavors & Fragrances news, Director Kevin O’byrne purchased 6,500 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The stock was bought at an average cost of $80.44 per share, for a total transaction of $522,860.00. Following the purchase, the director now directly owns 6,500 shares in the company, valued at $522,860. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.20% of the company’s stock.

International Flavors & Fragrances Company Profile

International Flavors & Fragrances, Inc engages in the manufacture and supply of flavors and fragrances used in the food, beverage, personal care, and household products industries. It operates through the following segments: Nourish, Health & Biosciences, Scent and Pharma Solutions. The Nourish segment consists of legacy Taste segment combined with N&B’s Food & Beverage division and the food protection business of N&B’s Health & Biosciences division.