International Flavors & Fragrances, Inc. (NYSE:IFF) will begin trading ex-dividend on December 24, 2020. The quarterly dividend payment of $ 0.77 per share is scheduled to be paid on January 7, 2021. The dividend yield based on the latest trading day closing price was 2.68 percent. To secure the dividend payout, investors must buy the stock prior to the ex-dividend date of December 24, 2020.
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International Flavors & Fragrances, Inc. recently reported third quarter financial results on November 9, 2020, after market close, the New York based company communicated income for the third quarter of $ 1.40 per share, from the revenue of $ 1,268.00 million. The quarterly earnings contracted 8.50 percent while revenues hiked 0.08 percent compared with the same quarter last year.
According to street consensus, IFF was expected to report 3Q20 income of $ 1.46 per share from revenue of $ 1284.39 million. The bottom line results missed street analysts by $ 0.06 or 4.11 percent, at the same time, top line results fell short of analysts by $ 16.39 million or 1.28 percent.
Shares of International Flavors & Fragrances, Inc. traded up $ 0.67 or 0.59 percent on Tuesday, reaching $ 114.96 with volume of 2.08 million shares. International Flavors & Fragrances, Inc. has traded high as $ 116.12 and has cracked $ 114.39 on the downward trend
According to the previous trading day, closing price of $ 114.96, representing a 24.04 % increase from the 52 week low of $ 92.14 and a 20.56 % decrease over the 52 week high of $ 143.87.
The company has a market capital of $ 12.29 billion and is part of the Basic Materials sector and Specialty Chemicals industry.
International Flavors & Fragrances Inc., together with its subsidiaries, manufactures flavors and fragrances for use in various consumer products. It operates through three segments: Taste, Scent, and Frutarom. The Taste segment offers flavor compounds primarily to the food and beverage industries for use in consumer products, such as prepared foods, beverages, dairy, food, and sweet products.