Avon announces 8% increase in regular Qtly dividend
08 Feb '08
1 min read
Avon Products Inc announced an 8% increase in its regular quarterly dividend. The new dividend rate will be $.20 per common share, up from $.185 per share, beginning with the first-quarter dividend payable March 3, 2008, to shareholders of record February 21, 2008.
On an annualized basis, the new indicated dividend rate would increase to $.80 per share from $.74 per share.
Avon, the company for women, is a leading global beauty company, with $10 billion in annual revenue. As the world's largest direct seller, Avon markets to women in more than 100 countries through 5.4 million independent Avon Sales Representatives.
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