The Estée Lauder Companies Inc. Declares Quarterly Dividend of $.35 Per Share
The Estée Lauder Companies (NYSE: EL) has announced a reduction in its quarterly dividend to $.35 per share from the previous $.66 per share, payable on December 16, 2024, to stockholders of record as of November 29, 2024. The company cited challenges in the prestige beauty landscape, particularly difficulties in forecasting market stabilization in mainland China and Asia travel retail, as reasons for adjusting to a more appropriate payout ratio. This reduction aims to provide greater financial flexibility for incoming leadership to focus on reaccelerating profitable growth.
Le aziende Estée Lauder (NYSE: EL) hanno annunciato una riduzione del loro dividendo trimestrale a $.35 per azione rispetto ai precedenti $.66 per azione, che sarà pagato il 16 dicembre 2024, agli azionisti registrati al 29 novembre 2024. L'azienda ha citato le sfide nel panorama della bellezza di lusso, in particolare le difficoltà nella previsione della stabilizzazione del mercato in Cina continentale e nel commercio al dettaglio di viaggio in Asia, come motivi per adeguare il rapporto di pagamento a livelli più appropriati. Questa riduzione mira a fornire una maggiore flessibilità finanziaria per la nuova leadership in modo da concentrarsi nuovamente sulla crescita profittevole.
Las compañías Estée Lauder (NYSE: EL) han anunciado una reducción en su dividendo trimestral a $.35 por acción desde los anteriores $.66 por acción, que se pagará el 16 de diciembre de 2024, a los accionistas que estén registrados hasta el 29 de noviembre de 2024. La compañía citó desafíos en el panorama de la belleza de prestigio, particularmente las dificultades para prever la estabilización del mercado en China continental y en el comercio minorista de viajes de Asia, como razones para ajustar a una relación de pago más apropiada. Esta reducción tiene como objetivo proporcionar una mayor flexibilidad financiera para que la nueva dirección se concentre en reactivar el crecimiento rentable.
에스티 로더 회사들 (NYSE: EL)는 분기 배당금을 주당 $.35로, 이전의 $.66에서 줄인다고 발표했습니다. 이 배당금은 2024년 12월 16일에 지급되며, 2024년 11월 29일 기준 주주에게 지급됩니다. 회사는 중국 본토 및 아시아 여행 소매에서 시장 안정화를 예측하는 데 어려움이 있다는 점을 언급하며, 럭셔리 뷰티 산업의 도전 과제를 이유로 지불 비율을 보다 적절한 수준으로 조정한다고 전했습니다. 이 감소는 새로운 리더십이 수익성 있는 성장을 다시 가속화하는 데 집중할 수 있도록 더 큰 재정적 유연성을 제공하는 것을 목표로 합니다.
Les entreprises Estée Lauder (NYSE: EL) ont annoncé une réduction de leur dividende trimestriel à $.35 par action, contre précédemment $.66 par action, qui sera payé le 16 décembre 2024, aux actionnaires inscrits au 29 novembre 2024. La société a évoqué des défis dans le paysage de la beauté de prestige, notamment des difficultés à prévoir la stabilisation du marché en Chine continentale et dans le commerce de détail de voyages en Asie, comme raisons de l'ajustement vers un ratio de distribution plus approprié. Cette réduction vise à offrir une plus grande flexibilité financière à la nouvelle direction pour se concentrer sur la réaccélération de la croissance rentable.
Die Estée Lauder Companies (NYSE: EL) haben eine Reduzierung ihrer vierteljährlichen Dividende auf $.35 pro Aktie von zuvor $.66 pro Aktie angekündigt, die am 16. Dezember 2024 an die Aktionäre ausgezahlt wird, die am 29. November 2024 im Aktienregister stehen. Das Unternehmen nannte Herausforderungen im Bereich der Prestige-Schönheit, insbesondere Schwierigkeiten bei der Vorhersage der Marktstabilisierung auf dem chinesischen Festland und im asiatischen Reisemarkt, als Gründe für die Anpassung auf ein angemesseneres Ausschüttungsverhältnis. Diese Reduzierung zielt darauf ab, der neuen Führung größere finanzielle Flexibilität zu bieten, um sich auf die Wiederbelebung profitablen Wachstums zu konzentrieren.
- Maintains commitment to dividend payments as part of capital allocation strategy
- Preserves financial flexibility for future growth initiatives
- Demonstrates proactive financial management in response to market challenges
- 47% reduction in quarterly dividend from $.66 to $.35 per share
- Ongoing market instability in mainland China and Asia travel retail
- Uncertain timing for market recovery and stabilization
Reducing Dividend to a More Appropriate Payout Ratio
As stated in the Company’s press release announcing the fiscal 2025 first quarter results today, given the complex prestige beauty landscape, including the particular difficulty in forecasting the timing of market stabilization and recovery in mainland
The Estée Lauder Companies Inc. is one of the world’s leading manufacturers, marketers and sellers of quality skin care, makeup, fragrance and hair care products, and is a steward of luxury and prestige brands globally. The Company’s products are sold in approximately 150 countries and territories under brand names including: Estée Lauder, Aramis, Clinique, Lab Series, Origins, M·A·C, La Mer, Bobbi Brown Cosmetics, Aveda, Jo Malone London, Bumble and bumble, Darphin Paris, TOM FORD, Smashbox, AERIN Beauty, Le Labo, Editions de Parfums Frédéric Malle, GLAMGLOW, KILIAN
Cautionary Note Regarding Forward-Looking Statements
Statements in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include those in the second paragraph. Although the Company believes that its expectations are based on reasonable assumptions within the bounds of its knowledge of its business and operations, actual results may differ materially from the Company’s expectations. Factors that could cause actual results to differ from expectations include the ability to successfully implement its strategy, including the Company’s profit recovery and growth plan; successfully transition its leadership; and those other factors described in the Company’s filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K. The Company assumes no responsibility to update forward-looking statements made herein or otherwise.
ELC-F
View source version on businesswire.com: https://www.businesswire.com/news/home/20241031884264/en/
Investors: Rainey Mancini
rmancini@estee.com
Media: Jill Marvin
jimarvin@estee.com
Source: The Estée Lauder Companies Inc.
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