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

International Flavors & Fragrances Inc. (NYSE:IFF - Get Free Report) declared a quarterly dividend on Wednesday, March 5th, Wall Street Journal reports. Stockholders of record on Friday, March 21st will be paid a dividend of 0.40 per share by the specialty chemicals company on Friday, April 11th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date is Friday, March 21st.

International Flavors & Fragrances has decreased its dividend by an average of 20.0% per year 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. 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

NYSE:IFF traded down $1.17 during trading hours on Monday, reaching $81.35. 573,384 shares of the company's stock were exchanged, compared to its average volume of 1,462,221. The company has a quick ratio of 1.93, a current ratio of 1.84 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $20.80 billion, a price-to-earnings ratio of 86.50, a P/E/G ratio of 1.45 and a beta of 1.21. International Flavors & Fragrances has a 1-year low of $78.64 and a 1-year high of $106.77. The company has a 50-day moving average of $83.80 and a 200 day moving average of $92.26.

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International Flavors & Fragrances (NYSE:IFF - Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.83 by $0.14. The firm had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.67 billion. International Flavors & Fragrances had a return on equity of 7.72% and a net margin of 2.12%. Research analysts anticipate that International Flavors & Fragrances will post 4.32 EPS for the current year.

Insider Buying and Selling at International Flavors & Fragrances

In related news, Director Kevin O'byrne purchased 6,500 shares of the business's stock in a transaction dated Wednesday, March 5th. The stock was bought at an average cost of $80.44 per share, with a total value of $522,860.00. Following the completion of the acquisition, the director now directly owns 6,500 shares in the company, valued at $522,860. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.20% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on IFF shares. Wells Fargo & Company decreased their price target on International Flavors & Fragrances from $115.00 to $105.00 and set an "overweight" rating for the company in a report on Thursday, February 20th. Morgan Stanley raised shares of International Flavors & Fragrances from an "equal weight" rating to an "overweight" rating and lowered their target price for the company from $111.00 to $110.00 in a report on Tuesday, November 12th. JPMorgan Chase & Co. dropped their price target on shares of International Flavors & Fragrances from $107.00 to $104.00 and set an "overweight" rating on the stock in a research note on Thursday, February 20th. Bank of America reduced their price objective on shares of International Flavors & Fragrances from $105.00 to $101.00 and set a "buy" rating for the company in a research report on Thursday, February 20th. Finally, Barclays cut their target price on International Flavors & Fragrances from $90.00 to $88.00 and set an "equal weight" rating for the company in a research note on Friday, January 17th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $103.50.

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.