NEW YORK, Jul 26, 2011 (BUSINESS WIRE) --International Flavors & Fragrances Inc. (NYSE: IFF), a leading global creator of flavors and fragrances for consumer products, announced that its Board of Directors has authorized an increase in the Company's quarterly cash dividend, raising it 15 percent from $0.27 to $0.31. The increased quarterly dividend of $0.31 per share will be paid on October 5, 2011 to all IFF shareholders of record as of September 21, 2011.
"As part of our continued commitment to maximize shareholder value, we are pleased to announce our sixth dividend increase in seven years," said Doug Tough, Chairman and CEO. "We believe this increase underscores our strong financial condition and excellent cash flow position, as well as our Board's confidence in IFF's future growth opportunities."