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Avon Increases Dividend

Avon Products, Inc. announced a 6% increase in its regular quarterly dividend. The new dividend rate will be $.185 per common share, up from $.175 per share, beginning with the first-quarter dividend payable March 1, 2007, to shareholders of record February 15, 2007. On an annualized basis, the new indicated dividend rate would increase to $.74 per share from $.70 per share.