The Estée Lauder Companies (EL) will raise its quarterly dividend by 13.3 percent to $0.34 per share in the fourth quarter of 2016. The new dividend will be payable on December 15, 2016 to stockholders of record at the close of business on November 30, 2016.
EL has paid dividends every year since it went public in November 1995. The skin care, makeup, fragrance and hair care products maker has a 1.6% dividend yield.
The Estée Lauder Companies Inc. is a manufacturer of skin care, makeup, fragrance and hair care products. The Company’s brand names include Estée Lauder, Aramis, Clinique, Prescriptives, Lab Series, Origins, Tommy Hilfiger, MAC, Kiton, La Mer, Bobbi Brown, Donna Karan New York, DKNY, Aveda, Jo Malone London, Bumble and bumble, Michael Kors, Darphin, Tom Ford, Smashbox, Ermenegildo Zegna, AERIN, Tory Burch, RODIN olio lusso, Le Labo, Editions de Parfums Frédéric Malle, GLAMGLOW, By Kilian, BECCA and Too Faced.