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International Flavors and Fragrances Announced Its 1Q18 Dividend

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Mar. 13 2018, Published 8:38 a.m. ET

International Flavors and Fragrances

On March 6, 2018, International Flavors and Fragrances’ (IFF) board declared a dividend of $0.69 per share—an increase of 7.8% on a year-over-year basis. Investors who hold the share as of March 26, 2018, will be eligible for the dividend. International Flavors and Fragrances is expected to pay the dividend on April 6, 2018.

At the end of 4Q17, International Flavors and Fragrances had 79.06 million outstanding shares. Assuming that the company doesn’t buy back any shares before the record date, it will be paying ~$54.6 million in dividends. In 1Q17, International Flavors and Fragrances paid $50.7 million.

As of March 9, 2018, International Flavors and Fragrances’ dividend yield is ~1.8%. Sensient Technologies (SXT), Clorox (CLX), and Estee Lauder (EL) have a dividend yield of 1.8%, 1.8%, and 3.2%, respectively.

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Stock update

International Flavors and Fragrances gained 2.3% and closed at $141.01 for the week ending March 9, 2018. Despite the gains, International Flavors and Fragrances traded 55% below its 100-day moving average price of $149.19, which indicates prevailing weakness in the stock. On a year-to-date basis, the stock has declined 7.6%. However, analysts have provided a target price of $152.9, which implies a potential return of 8.4% from the closing price as of March 9, 2018. International Flavors and Fragrances’ short interest data suggest that there weren’t any major changes in the past month. International Flavors and Fragrances has a short interest of 1.3% of its outstanding shares. The company’s 14-day relative strength index of 45 also suggests that the stock isn’t overbought or oversold.

Investors could hold International Flavors and Fragrances indirectly by investing in the Vanguard Materials ETF (VAW). VAW has invested 1.2% of its portfolio in International Flavors and Fragrances as of March 9, 2018.

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