Intl Flavors & Fragrances Supports Customers through Tough Times, Supporting Shareholders through Changes
Portfolio Pulse from Benzinga Insights
Intl Flavors & Fragrances (IFF) will distribute a dividend payout of $0.81 per share on July 11, 2023, equating to an annualized dividend yield of 3.37%. The company's dividend yield falls in the middle range compared to its industry peers, with Eastman Chemical (EMN) having the highest annualized dividend yield at 3.76%. Despite a decrease in earnings per share from $5.93 to $5.69 between 2019 and 2022, IFF has increased its dividend per share from $2.96 to $3.20, indicating a focus on enhancing shareholder value.
July 12, 2023 | 1:38 pm
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NEUTRAL IMPACT
Eastman Chemical (EMN) has the highest annualized dividend yield at 3.76% among its industry peers.
The news mentions EMN as having the highest annualized dividend yield among its industry peers, which could be attractive to income-seeking investors.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
IFF's dividend payout and yield are attractive to income-seeking investors. However, the decrease in earnings per share may impact the company's ability to sustain or increase its cash dividend payouts.
While the increase in dividend per share is a positive sign for investors, the decrease in earnings per share could potentially impact the company's ability to maintain or increase its dividend payouts in the future.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100