The Estée Lauder Companies Inc. Increases Quarterly Dividend 13% to $.60 Per Share

Rhea-AI Summary

The Estée Lauder Companies Inc. (NYSE: EL) has announced a 13% increase in its quarterly dividend, raising it from $.53 to $.60 per share. This dividend will be payable on December 15, 2021, to stockholders of record as of November 30, 2021. The Estée Lauder Companies is a prominent manufacturer and marketer of skincare, makeup, fragrance, and hair care products across approximately 150 countries under various acclaimed brand names.

Positive

• Dividend increased by 13%, enhancing shareholder value.
• Confidence in financial stability indicated by rising dividend payments.

Negative

• None.

NEW YORK--(BUSINESS WIRE)-- The Estée Lauder Companies Inc. (NYSE: EL) announced today a 13% increase in the quarterly dividend on the Company’s Class A and Class B Common Stock to $.60 per share, up from the previous quarterly rate of $.53 per share. The dividend will be payable on December 15, 2021 to stockholders of record at the close of business on November 30, 2021.

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, Lab Series, Origins, Tommy Hilfiger, M·A·C, La Mer, Bobbi Brown, Donna Karan New York, DKNY, Aveda, Jo Malone London, Bumble and bumble, Michael Kors, Darphin Paris, TOM FORD BEAUTY, Smashbox, Ermenegildo Zegna, AERIN, Le Labo, Editions de Parfums Frédéric Malle, GLAMGLOW, KILIAN PARIS, Too Faced and 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/20211102005359/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 (EL)?

The new dividend amount for Estée Lauder (EL) is $.60 per share.

When will Estée Lauder's dividend be paid?

The dividend will be paid on December 15, 2021.

What was the previous dividend rate for Estée Lauder (EL)?

The previous dividend rate for Estée Lauder (EL) was $.53 per share.

What date is the record date for Estée Lauder's dividend?

The record date for Estée Lauder's dividend is November 30, 2021.

How often does Estée Lauder pay dividends?

Estée Lauder typically pays dividends quarterly.