NEW YORK, Jul 27, 2010 (BUSINESS WIRE) --
International Flavors & Fragrances Inc. (NYSE: IFF), a leading global
creator of flavors and fragrances for consumer products, today announced
that its Board of Directors authorized an increase in the Company's
quarterly cash dividend, raising it eight percent from $0.25 to $0.27.
This marks the fifth increase in six years that the Board has raised the
dividend. The increased quarterly dividend of $0.27 per share will be
paid on October 6, 2010 to all IFF shareholders of record as of
September 22, 2010.
"IFF prides itself on its track record of returning cash to
shareholders. Over the last five years, we have returned over $1.2
billion through the combination of share repurchases and dividends,"
said IFF Chairman and Chief Executive Officer Doug Tough. "Today's
announcement is further evidence of Management's and the Board's
confidence in our long-term outlook."
About IFF:
International Flavors & Fragrances Inc. (NYSE: IFF), is a leading global
creator of flavors and fragrances used in a wide variety of consumer
products and packaged goods. Consumers experience these unique scents
and tastes in fine fragrances and beauty care, detergents and household
goods, as well as beverages, confectionery and food products. The
Company leverages its competitive advantages of brand understanding and
consumer insight combined with its focus on R&D and innovation, to
provide customers with differentiated product offerings. A member of the
S&P 500 Index, IFF has sales, manufacturing and creative facilities in
32 countries worldwide. For more information, please visit our website
at www.iff.com.
SOURCE: International Flavors & Fragrances Inc.
Investor Contact:
International Flavors & Fragrances Inc.
Michael DeVeau, 212-708-7164
