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International Flavors & Fragrances Inc. (NYSE:IFF) to Issue $0.40 Quarterly Dividend
International Flavors & Fragrances Inc. (NYSE:IFF) has declared a quarterly dividend of $0.40 per share, payable on April 10th to shareholders of record as of March 20th. This translates to an annualized dividend of $1.60 and a dividend yield of 2.0%, with a payout ratio suggesting the dividend is well-covered by earnings. The company recently reported Q4 earnings, missing EPS estimates but beating revenue expectations, and holds a consensus “Moderate Buy” rating from analysts with an average price target of $91.17.