Inter Parfums raises dividend by 20% to $0.75

Inter Parfums is a French luxury fragrance and cosmetics company that operates in over 160 countries worldwide. The company has a long history of producing high-quality products and has been recognized for its innovation and creativity in the industry.

In recent years, Inter Parfums has experienced strong growth, driven by its diverse product portfolio and its ability to adapt to changing consumer preferences. In 2021, the company announced that it was raising its dividend by 20% to $0.75 per share. This increase reflects the company's continued financial strength and its commitment to delivering value to its shareholders.

Inter Parfums has a strong track record of paying dividends to its shareholders. In addition to the recent increase, the company has consistently paid dividends for over 30 years, with a yield that is typically above the industry average. This consistent payout policy demonstrates the company's commitment to rewarding its shareholders and providing them with a steady stream of income.

Overall, Inter Parfums' decision to raise its dividend by 20% reflects the company's strong financial position and its commitment to delivering value to its shareholders. The increase in the dividend is likely to be well received by investors, who are looking for stable and reliable sources of income in an uncertain economic environment.