IFF Board of Directors Authorizes Quarterly Dividend of $0.39 per Share
NEW YORK -- July 30, 2013
The Board of Directors of International Flavors & Fragrances Inc. (NYSE: IFF)
today authorized a quarterly dividend of $0.39 per share of the Company’s
common stock, an increase of $0.05 or 15% from the current quarterly dividend
of $0.34 per share. The quarterly dividend will be distributed October 10,
2013, to shareholders of record at the close of business on September 26,
Including this authorization, IFF’s quarterly dividend payment will have grown
by a compound annual growth rate of 13% over the last three years.
Doug Tough, IFF’s Chairman and CEO, said, “The increase in our quarterly
dividend combined with our existing share repurchase program demonstrates our
confidence in IFF’s long-term growth prospects and commitment to returning
capital to shareholders.”
About International Flavors & Fragrances Inc.
International Flavors & Fragrances Inc. (NYSE: IFF) is a leading global
creator of flavors and fragrances used in a wide variety of consumer products.
Consumers experience these unique scents and tastes in fine fragrances and
beauty care, detergents and household goods, as well as beverages, sweet goods
and food products. The Company leverages its competitive advantages of
consumer insight, research and development, creative expertise, and customer
intimacy to provide customers with innovative and differentiated product
offerings. A member of the S&P 500 Index, IFF has more than 5,800 employees
working in 32 countries worldwide. For more information, please visit our
website at www.iff.com.
Cautionary Statement Under The Private Securities Litigation Reform Act of
This press release includes “forward-looking statements” under the Federal
Private Securities Litigation Reform Act of 1995, including statements
regarding the Company’s expectation that it will continue to increase its
dividends while investing in attractive growth opportunities. These
forward-looking statements are qualified in their entirety by cautionary
statements and risk factor disclosures contained in the Company’s Securities
and Exchange Commission filings, including the Company’s Annual Report on Form
10-K filed with the Commission on February 26, 2013. The Company wishes to
caution readers that certain important factors may have affected and could in
the future affect the Company’s expectations that could cause the Company’s
actual results for subsequent periods to differ materially from those
expressed in any forward-looking statements made by or on behalf of the
Company. With respect to the Company’s expectations regarding our long-term
growth prospects and commitment to return cash to shareholders, such factors
include, but are not limited to: (1) the economic climate for the Company’s
industry and demand for the Company’s products; (2) fluctuations in the price,
quality and availability of raw materials; (3) decline in consumer confidence
and spending; (4) changes in consumer preferences; (5) the Company’s ability
to implement its business strategy, including the achievement of anticipated
cost savings, profitability, realization of price increases and growth
targets; (6) the effects of any unanticipated costs and construction or
start-up delays in the expansion of the Company’s facilities; and (7) the
Company’s ability to successfully develop new and competitive products and
enter and expand its sales in new and other emerging markets. New risks emerge
from time to time and it is not possible for management to predict all such
risk factors or to assess the impact of such risks on the Company’s business.
Accordingly, the Company undertakes no obligation to publicly update or revise
any forward-looking statements, whether as a result of new information, future
events, or otherwise.
International Flavors & Fragrances Inc.
Shelley Young, 212-708-7271
Director, Investor Relations
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