International Flavors & Fragrances (IFF) will raise its quarterly dividend by 7.8 percent to $0.69 per share. The quarterly dividend will be payable on October 6, 2017 to shareholders of record as of September 25, 2017.

“I am pleased with IFF’s continued commitment to balance reinvestment opportunities in the business with return of capital to shareholders,” said IFF Chairman and CEO Andreas Fibig. “The increased dividend is well aligned with our disciplined approach to capital allocation – returning 50% to 60% of adjusted net income – as we strategically invest to drive long-term sustainable growth while returning value to our shareholders. This increase underscores our confidence in our continued financial strength and the long-term outlook of our business."

International Flavors & Fragrances Inc. creates, manufactures and supplies flavors and fragrances for the food, beverage, personal care, and household products industries. Its products are sold to manufacturers of perfumes and cosmetics, hair and other personal care products, soaps and detergents, meat and other processed foods, beverages, snacks and savory foods, sweet and baked goods, and pharmaceutical and oral care products, among others.