NEW YORK--(BUSINESS WIRE)--Jul. 24, 2012--
The Board of Directors of International Flavors & Fragrances Inc. (NYSE:
IFF) today authorized a quarterly dividend of $0.34 per share of the
Company’s common stock, an increase of $0.03 from the current quarterly
dividend of $0.31 per share. The quarterly dividend will be distributed
October 3, 2012, to shareholders of record at the close of business on
September 19, 2012.
In May, 2011, IFF increased its quarterly dividend 15% to $0.31 per
share. Since May 2003, including this authorization, IFF has increased
its dividend nine times. IFF is committed to a disciplined return of
cash to shareholders.
Doug Tough, IFF Chairman and CEO, said, “Our history has proven a
willingness to return cash to shareholders, and we remain committed to
executing this philosophy going forward. We expect to continue to
increase our dividend in line with our earnings growth, while investing
in attractive growth opportunities.”
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 5,600 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 1995
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 28, 2012. The Company wishes to caution readers that certain
important factors may have affected and could in the future affect the
Company’s expectations 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 future dividends, 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) changes in consumer preferences; (4) the Company’s ability to
implement its business strategy, including the achievement of
anticipated cost savings, profitability, realization of price increases
and growth targets; and (5) 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.
Source: International Flavors & Fragrances Inc.
International Flavors & Fragrances Inc.
Investor Contact:
Shelley
Young, Director, Investor Relations, 212-708-7271
