Givaudan Pledges Bumper Dividend as Annual Profits Surge
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Givaudan SA, the world’s largest maker of flavorings and fragrances, announced a bigger-than-estimated dividend after riding out a year of high raw-material prices and a strong Swiss franc.
Net income rose 63 percent to 411 million francs ($451.6 million), beating the average estimate of 387.5 million francs based on 11 analyst predictions collected by Bloomberg. Givaudan said it plans to pay a dividend of 36 francs, beating a Bloomberg analyst forecast of 25 francs.