The Estée Lauder Companies Inc. Increases Quarterly Dividend 10% to $.53 Per Share

Rhea-AI Summary

The Estée Lauder Companies Inc. (NYSE: EL) has announced a 10% increase in its quarterly dividend, raising it to $.53 per share from $.48 per share. This dividend will be payable on December 15, 2020, to stockholders on record as of November 30, 2020. The company is a leading global manufacturer and marketer of skin care, makeup, fragrance, and hair care products, with a presence in approximately 150 countries and territories under various brand names.

Positive

• 10% increase in quarterly dividend to $.53 per share
• Dividend payment date set for December 15, 2020

Negative

• None.

NEW YORK--(BUSINESS WIRE)--The Estée Lauder Companies Inc. (NYSE: EL) announced today a 10% increase in the quarterly dividend on the Company’s Class A and Class B Common Stock to $.53 per share, up from the previous quarterly rate of $.48 per share. The dividend will be payable on December 15, 2020 to stockholders of record at the close of business on November 30, 2020.

The Estée Lauder Companies Inc. is one of the world’s leading manufacturers and marketers of quality skin care, makeup, fragrance and hair care products. The Company’s products are sold in approximately 150 countries and territories under brand names including: Estée Lauder, Aramis, Clinique, Prescriptives, Lab Series, Origins, Tommy Hilfiger, M·A·C, Kiton, La Mer, Bobbi Brown, Donna Karan New York, DKNY, Aveda, Jo Malone London, Bumble and bumble, Michael Kors, Darphin, Tom Ford, Smashbox, Ermenegildo Zegna, AERIN, RODIN olio lusso, Le Labo, Editions de Parfums Frédéric Malle, GLAMGLOW, KILIAN PARIS, BECCA, Too Faced and Dr. Jart+.

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