Interparfums, Inc. (NASDAQ:IPAR – Get Free Report) declared a quarterly dividend on Tuesday, February 24th. Investors of record on Tuesday, September 15th will be paid a dividend of 0.80 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Tuesday, September 15th.
Interparfums has raised its dividend by an average of 0.6%annually over the last three years and has increased its dividend annually for the last 4 consecutive years. Interparfums has a dividend payout ratio of 55.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Interparfums to earn $4.85 per share next year, which means the company should continue to be able to cover its $3.20 annual dividend with an expected future payout ratio of 66.0%.
Interparfums Price Performance
IPAR stock opened at $112.01 on Friday. The stock has a 50-day moving average price of $119.00 and a two-hundred day moving average price of $103.45. Interparfums has a 12-month low of $77.21 and a 12-month high of $129.29. The company has a current ratio of 3.31, a quick ratio of 2.00 and a debt-to-equity ratio of 0.09. The company has a market cap of $3.59 billion, a PE ratio of 21.42 and a beta of 1.12.
Interparfums Company Profile
Inter Parfums, Inc (NASDAQ: IPAR) develops, manufactures and distributes prestige fragrances and fragrance-related products. Its offerings include perfumes, eau de toilette, body care products and other beauty items marketed under a portfolio of internationally recognized designer and luxury brands.
The company operates through European and United States-based activities and typically works under license agreements with fashion houses, luxury-goods companies and other brand owners. Its portfolio has included brands such as Montblanc, Jimmy Choo, Coach, Kate Spade, Karl Lagerfeld, Oscar de la Renta, Rochas, Boucheron and Van Cleef & Arpels.
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