The board of directors at Coty recently approved a transition to a quarterly dividend payout effective immediately. The first quarterly dividend of $0.125 per share of common stock was also approved.
$0.50 per share of common stock per annum is the expected total dividend, which is an 82% increase in Coty’s per annum dividend.
The first quarterly dividend is payable on December 28 to shareholders on record at the close of business on December 19.
Patrice de Talhouёt, EVP and global chief financial officer said, “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. We remain committed to creating shareholder value as Coty strives to become a global industry leader by being a clear challenger in beauty.”