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

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

Coty Inc. Announces 82% Dividend Increase and Transition to Quarterly Dividend Payout

December 9, 2016 8:00 AM EST

NEW YORK--(BUSINESS WIRE)-- Coty Inc. (NYSE: COTY) announced today that its Board of Directors has approved a transition to a quarterly dividend payout schedule effective immediately, and approved Cotys first quarterly dividend of $0.125 per share of common stock. The dividend represents an expected total dividend of $0.50 per share of common stock per annum, which is an 82% increase in Cotys per annum dividend. Cotys first quarterly dividend is payable on December 28, 2016 to shareholders of record at the close of business on December 19, 2016.

The increase in our dividend, and the... More