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AVP Avon Products Inc

5.60
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
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 Raises Dividend 4.5%; Move To Cost Extra $4.3M A Quarter

03/02/2011 6:51pm

Dow Jones News


Avon Products (NYSE:AVP)
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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

 
 

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