Key Developments: International Flavors & Fragrances Inc (IFF.N)

IFF.N on New York Stock Exchange

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11:22am EDT
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Latest Key Developments (Source: Significant Developments)

International Flavors & Fragrances Inc Authorizes Quarterly Dividend Of $0.39 Per Share
Tuesday, 30 Jul 2013 04:53pm EDT 

International Flavors & Fragrances Inc announced that it has authorized a quarterly dividend of $0.39 per share of the Company's common stock, an increase of $0.05 or 15% from the current quarterly dividend of $0.34 per share. The quarterly dividend will be distributed October 10, 2013, to shareholders of record at the close of business on September 26, 2013.  Full Article

International Flavors & Fragrances Inc Reaffirms Long Term Guidance-Conference Call
Tuesday, 11 Jun 2013 03:15am EDT 

International Flavors & Fragrances Inc reaffirmed its long-term financial targets, they are 4% to 6% in terms of local currency sales growth, 7% to 9% in terms of adjusted operating profit growth, and 10%-plus in terms of EPS growth. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report EPS of $4.44 and EBIT of $539.79 million for fiscal 2013; EPS of $4.88 and EBIT of $577.78 million for fiscal 2014; EPS of $5.24 and EBIT of 618.00 million for fiscal 2015.  Full Article

International Flavors & Fragrances Inc Comments On Long Term Earnings Guidance-Conference Call
Tuesday, 14 May 2013 03:35pm EDT 

International Flavors & Fragrances Inc announced that the Company has established long-term growth targets, which reflect expectations for the business. These include annual local currency growth of 4% to 6%, adjusted operating profit of 7% to 9%, and adjusted Earnings Per Share (EPS) growth of greater than 10%. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report EPS of $4.44 and EBIT of $539.69 million for fiscal 2013; EPS of $4.86 and EBIT of $577.09 million for fiscal 2014; EPS of $5.22 and EBIT of 615.61 million for fiscal 2015.  Full Article

International Flavors & Fragrances Inc Announces Closure Of Fragrances Ingredients Plant In Augusta
Friday, 3 May 2013 09:03am EDT 

International Flavors & Fragrances Inc announced intention to close Fragrances Ingredients manufacturing facility in Augusta, Georgia by July 2014 and to consolidate production into existing IFF Ingredients facilities. The closing of the Augusta plant will improve efficiencies within the Ingredients manufacturing network, thereby supporting the Company's objective to ensure operations are cost-efficient and competitive.  Full Article

International Flavors & Fragrances Inc Declares Dividend For Second Quarter 2013
Tuesday, 30 Apr 2013 02:41pm EDT 

International Flavors & Fragrances Inc announced that Board of Directors has declared a regular quarterly cash dividend of $0.34 per share of the Company's common stock, payable on July 11, 2013 to shareholders of record as of June 27, 2013.  Full Article

International Flavors & Fragrances Inc Announces Pricing Of $300 Million Senior Notes Offering
Monday, 1 Apr 2013 05:41pm EDT 

International Flavors & Fragrances Inc announced that it has priced an underwritten public offering of $300 million aggregate principal amount of 3.20% senior notes due 2023. The offering is expected to close on April 4, 2013, subject to customary closing conditions. IFF intends to use the net proceeds from the sale of the notes of the offering for general corporate purposes, including working capital. Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC are acting as joint book-running managers for the offering.  Full Article

International Flavors & Fragrances Inc Declares Dividend For First Quarter 2013
Friday, 8 Mar 2013 08:42am EST 

International Flavors & Fragrances Inc announced that its Board of Directors has declared a regular quarterly cash dividend of $0.34 per share of the Company’s common stock, payable on April 4, 2013 to shareholders of record as of March 21, 2013.  Full Article

International Flavors & Fragrances Inc Declares Dividend For Fourth Quarter And Announces New $250 Million Share Repurchase Program
Tuesday, 11 Dec 2012 04:23pm EST 

International Flavors & Fragrances Inc announced that Board of Directors has declared a regular quarterly cash dividend of $0.34 per share of the Company`s common stock, payable on December 28, 2012 to shareholders of record as of December 21, 2012. This dividend is intended to be in lieu of the regular quarterly cash dividend which traditionally has been declared in December and paid in January. The earlier dividend payment is due to a potential increase in the dividend tax rate in 2013. The Company also announced that its Board of Directors has authorized a $250 million share repurchase program, which is expected to commence in the first quarter of 2013 and to be completed by the end of 2014.  Full Article

International Flavors & Fragrances Inc. Declares Dividend
Wednesday, 8 Aug 2012 07:08am EDT 

International Flavors & Fragrances Inc. announced that its Board of Directors authorized a quarterly dividend of $0.34, an increase of $0.03 from the current quarter dividend of $0.31. The quarterly dividend will be distributed October 3, 2012 to shareholders of record at the close of business on September 19, 2012.  Full Article

International Flavors & Fragrances Inc. Dividend For Second Quarter 2012
Tuesday, 1 May 2012 03:24pm EDT 

International Flavors & Fragrances Inc. announced that its Board of Directors has declared a regular quarterly cash dividend of $0.31 per share on the common stock of the corporation, payable on July 10, 2012 to all IFF shareholders of record as of June 26, 2012.  Full Article

UPDATE 2-Givaudan sales growth falls short as perfume demand drops

* Shares fall 2.5 percent, underperform sector (Adds analyst comment, further detail, share price)

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