NEW YORK--(BUSINESS WIRE)--Sep. 11, 2015--
Coty
Inc. (NYSE:COTY) today announced its Board of Directors has approved
a 25 percent increase in the company’s annual dividend to $0.25 from
$0.20 per share on its Class A and Class B Common Stock. The dividend is
payable on October 15, 2015 to stockholders of record at the close of
business on October 1, 2015.
“This dividend increase and our recently announced $700 million share
repurchase authorization demonstrate our confidence in Coty’s ability to
generate substantial cash flow as well as our commitment to return cash
to our shareholders," said Patrice de Talhouët, Executive Vice President
and Chief Financial Officer.
About Coty Inc.
Coty is a leading global beauty company with net revenues of $4.4
billion for the fiscal year ended June 30, 2015. Founded in Paris in
1904, Coty is a pure play beauty company with a portfolio of well-known
fragrances, color cosmetics and skin & body care products sold in over
130 countries and territories. Coty’s product offerings include such
power brands as adidas, Calvin Klein, Chloé, Davidoff, Marc Jacobs,
OPI, philosophy, Playboy, Rimmel and Sally Hansen.
For additional information about Coty Inc., please visit www.coty.com.
Forward Looking Statements
Certain statements in this release are forward-looking statements. These
forward-looking statements reflect Coty Inc.'s (the "Company") current
views with respect to its annual dividend and are designated by the word
"will" or similar words or phrases. Actual events may differ from the
Company's current views due to risks and uncertainties. More information
about potential risks and uncertainties is included under "Risk Factors"
and "Management’s Discussion and Analysis of Financial Condition and
Results of Operations" in the Company's Annual Report on Form 10-K for
the fiscal year ended June 30, 2015 and other periodic reports the
Company may file with the Securities and Exchange Commission from time
to time. The Company assumes no responsibility to update forward-looking
statements made herein or otherwise.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150911005049/en/
Source: Coty Inc.
Coty Inc.
Investor Relations:
Kevin Monaco, 212-389-6815
or
Media:
Jessica
Baltera, 212-389-7584