The Estée Lauder Companies Inc. Board Announces 37% Dividend Increase and Transition to Quarterly Dividend Payout

  The Estée Lauder Companies Inc. Board Announces 37% Dividend Increase and
  Transition to Quarterly Dividend Payout

                 Authorizes Additional Shares for Repurchase

Business Wire

NEW YORK -- November 01, 2012

The Estée Lauder Companies Inc. (NYSE:EL) announced today that its Board of
Directors increased the annual dividend on the Company’s Class A and Class B
Common Stock to $.72 per share, a 37% increase over the previous annual rate
of $.525 per share. The $.72 per share annual dividend will be payable on
December 17, 2012 to stockholders of record at the close of business on
November 30, 2012.

The Company also announced that it will transition to a quarterly dividend
payout schedule on its common stock beginning in calendar year 2013. This
change will allow the Company to better manage its cash flow and deliver value
to stockholders throughout the year. The Company expects the first quarterly
dividend of $.18 per share to be declared in February 2013, and be payable in
March 2013.

Additionally, the Company’s Board of Directors authorized the repurchase of up
to another 40 million shares of Class A Common Stock, or about 10% of the
total outstanding common stock. This increases the total authorization to 216
million shares, of which approximately 164 million have been repurchased to
date. The Company has a total of approximately 387 million common shares

Repurchases are made from time to time in the open market or in private
transactions, and there is no specific time frame. The repurchased shares are
held as treasury shares and may be used for general corporate purposes,
including employee share incentive programs. Cash on hand or borrowings will
be used to fund the purchases.

The Estée Lauder Companies Inc. is one of the world’s leading manufacturers
and marketers of quality skin care, makeup, fragrance and hair care products.
The Company’s products are sold in over 150 countries and territories under
the following brand names: Estée Lauder, Aramis, Clinique, Prescriptives, Lab
Series, Origins, M•A•C, Bobbi Brown, Tommy Hilfiger, Kiton, La Mer, Donna
Karan, Aveda, Jo Malone, Bumble and bumble, Darphin,  Michael Kors, American
Beauty, Flirt!, GoodSkin Labs, Grassroots Research Labs, Tom Ford, Coach,
Ojon, Smashbox, Ermenegildo Zegna, AERIN Beauty and Osiao.

The forward-looking statements in this press release involve risks and
uncertainties. Factors that could cause actual results to differ from those
statements are contained in the Company’s filings with the SEC, including
those detailed in the “forward-looking statements” section of the Company’s
report on Form 10-K for the year ended June 30, 2012.

An electronic version of this release can be found at the Company’s website,


The Estée Lauder Companies Inc.
Investor Relations:
Dennis D’Andrea, 212-572-4384
Media Relations:
Alexandra Trower, 212-572-4430
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