The Estée Lauder Companies Inc. Increases Quarterly Dividend 10% to $.66 Per Share

Rhea-AI Summary

The Estée Lauder Companies Inc. (NYSE: EL) announced a 10% increase in its quarterly dividend, raising it from $.60 to $.66 per share. This increase reflects the company's commitment to returning value to its shareholders. The dividend is set to be payable on December 15, 2022 to stockholders of record as of November 30, 2022. Estée Lauder is a leading manufacturer and marketer of quality skincare, makeup, fragrance, and hair care products, with a presence in approximately 150 countries.

Positive

• 10% increase in quarterly dividend to $.66 per share.
• Dividend payable on December 15, 2022, shows commitment to shareholder value.

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 $.66 per share, up from the previous quarterly rate of $.60 per share. The dividend will be payable on December 15, 2022 to stockholders of record at the close of business on November 30, 2022.

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. 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, Aveda, Jo Malone London, Bumble and bumble, Darphin Paris, TOM FORD BEAUTY, Smashbox, AERIN Beauty, Le Labo, Editions de Parfums Frédéric Malle, GLAMGLOW, KILIAN PARIS, Too Faced, Dr.Jart+, and the DECIEM family of brands, including The Ordinary and NIOD.

ELC-F

View source version on businesswire.com: https://www.businesswire.com/news/home/20221102005045/en/

Investors: Rainey Mancini

rmancini@estee.com



Media: Jill Marvin

jimarvin@estee.com

Source: The Estée Lauder Companies Inc.

FAQ

What is the new dividend amount for Estée Lauder companies in 2022?

The new dividend amount for Estée Lauder is $.66 per share.

When will the dividend be paid to shareholders?

The dividend will be paid on December 15, 2022.

What date is the record cut-off for the dividend?

The record cut-off date for the dividend is November 30, 2022.

How much was the previous dividend rate before the increase?

The previous dividend rate was $.60 per share.

Is the dividend increase sustainable for Estée Lauder?

The sustainability of the dividend increase depends on the company's future earnings and cash flow.