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

International Flavors & Fragrances Inc. (NYSE:IFF) declared a quarterly dividend on Tuesday, July 30th, Zacks reports. Investors of record on Friday, September 20th will be paid a dividend of 0.40 per share by the specialty chemicals company on Wednesday, October 9th. This represents a $1.60 annualized dividend and a dividend yield of 1.55%. The ex-dividend date is Friday, September 20th.

International Flavors & Fragrances has increased its dividend by an average of 2.2% annually over the last three years. International Flavors & Fragrances has a dividend payout ratio of 34.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect International Flavors & Fragrances to earn $4.55 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 35.2%.

International Flavors & Fragrances Trading Down 0.7 %

Shares of IFF stock opened at $103.46 on Thursday. The firm has a 50-day moving average price of $99.47 and a 200 day moving average price of $93.28. The company has a current ratio of 2.38, a quick ratio of 1.75 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $26.42 billion, a price-to-earnings ratio of -10.59, a PEG ratio of 1.85 and a beta of 1.22. International Flavors & Fragrances has a twelve month low of $62.28 and a twelve month high of $105.30.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings data on Tuesday, August 6th. The specialty chemicals company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.15. International Flavors & Fragrances had a negative net margin of 20.82% and a positive return on equity of 6.63%. The business had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.83 billion. During the same period in the prior year, the firm posted $0.86 EPS. The company’s revenue was down 1.4% on a year-over-year basis. Research analysts forecast that International Flavors & Fragrances will post 4.23 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. UBS Group lowered their price objective on shares of International Flavors & Fragrances from $107.00 to $103.00 and set a “neutral” rating for the company in a research note on Thursday, August 15th. Oppenheimer raised their price objective on International Flavors & Fragrances from $116.00 to $117.00 and gave the stock an “outperform” rating in a report on Wednesday, September 11th. Morgan Stanley boosted their target price on International Flavors & Fragrances from $100.00 to $103.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 3rd. Wells Fargo & Company lifted their price target on shares of International Flavors & Fragrances from $110.00 to $115.00 and gave the company an “overweight” rating in a research report on Thursday, August 8th. Finally, Stifel Nicolaus raised shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and raised their target price for the company from $95.00 to $115.00 in a research note on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, International Flavors & Fragrances has an average rating of “Hold” and an average price target of $103.87.

International Flavors & Fragrances Company Profile

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures and sells cosmetic active and natural health ingredients for use in various consumer products in the United States, Europe, and internationally. It operates through four segments: Nourish, Health & Biosciences, Scent, and Pharma Solutions.