NEW YORK - The Estée Lauder Companies Inc. (NYSE:EL), a prominent player in the global beauty industry, has declared a quarterly dividend of $.66 per share for both its Class A and Class B Common Stock. The dividend is scheduled to be paid on March 15, 2024, to shareholders who are on record as of the close of business on February 29, 2024.
The Estée Lauder Companies Inc. is recognized for its extensive portfolio of skin care, makeup, fragrance, and hair care products. The company's reach extends to roughly 150 countries and territories, where it markets a variety of luxury and prestige brands. Among its notable brands are Estée Lauder, Clinique, M·A·C, La Mer, and many others, including the DECIEM family of brands like The Ordinary and NIOD.
This dividend announcement follows the company's consistent practice of returning value to its shareholders and reflects its financial health and commitment to its investors. The Estée Lauder Companies has a history of sustained dividends, which are a key aspect of the company's appeal to stockholders.
The information provided in this article is based on a press release statement from The Estée Lauder Companies Inc. No endorsement of the company's market position or future prospects is implied, and the report focuses solely on the factual content of the dividend announcement.
InvestingPro Insights
The Estée Lauder Companies Inc. (NYSE:EL) continues to demonstrate financial resilience and shareholder value with its recent dividend announcement. According to InvestingPro data, Estée Lauder has a market capitalization of $47.99B and an impressive gross profit margin of 70.28% for the last twelve months as of Q1 2024. This robust margin underlines the company's ability to maintain profitability despite market fluctuations.
An important InvestingPro Tip to note is that Estée Lauder has raised its dividend for 3 consecutive years, showcasing a commitment to consistent shareholder returns. Additionally, the company has maintained dividend payments for 28 consecutive years, which speaks to its long-term stability and reliability as an investment. However, analysts have signaled caution by revising their earnings downwards for the upcoming period, which investors may want to consider when evaluating the company's future performance.
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