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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Avon Products Inc | NYSE:AVP | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 5.60 | 0 | 01:00:00 |
Avon Products Inc. (AVP) raised its quarterly dividend 4.5%, making the beauty-supply maker the latest in a stream of companies that have spent more on investors and other projects after stockpiling cash during the recession.
Shares of Avon were up 1.7% to $28.90 in afternoon trading. The stock is off 11% over the past year.
The dividend boost, from 22 cents to 23 cents a share, will cost the company an extra $4.29 million a quarter based on 429 million shares outstanding.
Avon has posted stronger sales and margins of late as the personal-care sector has rebounded and become a hotbed of acquisition activity. The company made some purchases of its own last year to complement its core direct beauty-sales business, even as it was itself the subject of acquisition talk.
-By Drew FitzGerald, Dow Jones Newswires; 212-416-2909; Andrew.FitzGerald@dowjones.com
1 Year Avon Products Chart |
1 Month Avon Products Chart |
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