Coty (COTY) Raises Quarterly Dividend 81.8% to $0.125; 2.6% Yield

Coty (NYSE: COTY) declared a quarterly dividend of $0.125 per share, or $0.5 annualized. This is an 81.8% increase from the prior dividend of $0.06875, which was paid out annually at $0.275. This transitions the dividend to a quarterly payout form an annual payout.

The dividend will be payable on December 28, 2016, to stockholders of record on December 19, 2016, with an ex-dividend date of December 15, 2016.

The annual yield on the dividend is 2.6 percent.

“The increase in our dividend, and the transition of the timing to a quarterly payout schedule, enhances the Company’s ability to return cash to shareholders throughout the year,” said Patrice de Talhouёt, EVP and Global Chief Financial Officer. “We remain committed to creating shareholder value as Coty strives to become a global industry leader by being a clear challenger in beauty.”

For a dividend history and other dividend-related data on Coty (COTY) click here.

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