Inter Parfums (IPAR) Declares $0.62 Dividend
Inter Parfums said on February 28, 2023 that its board of directors declared a regular quarterly dividend of $0.62 per share ($2.50 annualized). Previously, the company paid $0.50 per share.
Shares must be purchased before the ex-div date of March 14, 2023 to qualify for the dividend. Shareholders of record as of March 15, 2023 will receive the payment on March 31, 2023.
At the current share price of $131.34 / share, the stock's dividend yield is 1.90%. Looking back five years and taking a sample every week, the average dividend yield has been 1.76%, the lowest has been 0.94%, and the highest has been 3.45%. The standard deviation of yields is 0.51 (n=199).
The current dividend yield is 0.27 standard deviations above the historical average.
Additionally, the company's dividend payout ratio is 0.66. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 0.89%, demonstrating that it has increased its dividend over time.
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Analyst Price Forecast Suggests 5.84% Downside
As of March 2, 2023, the average one-year price target for Inter Parfums is $123.68. The forecasts range from a low of $105.04 to a high of $136.50. The average price target represents a decrease of 5.84% from its latest reported closing price of $131.34.
The projected annual revenue for Inter Parfums is $1,134MM, an increase of 4.36%. The projected annual non-GAAP EPS is $3.78.
What is the Fund Sentiment?
There are 553 funds or institutions reporting positions in Inter Parfums. This is an increase of 36 owner(s) or 6.96% in the last quarter. Average portfolio weight of all funds dedicated to IPAR is 0.25%, an increase of 11.67%. Total shares owned by institutions increased in the last three months by 3.30% to 25,286K shares. The put/call ratio of IPAR is 29.93, indicating a bearish outlook.
What are large shareholders doing?
BCSFX - The Brown Capital Management International Small Company Fund Institutional Shares holds 2,353K shares representing 7.38% ownership of the company. In it's prior filing, the firm reported owning 2,360K shares, representing a decrease of 0.30%. The firm increased its portfolio allocation in IPAR by 14.06% over the last quarter.
IJR - iShares Core S&P Small-Cap ETF holds 1,323K shares representing 4.15% ownership of the company. In it's prior filing, the firm reported owning 1,305K shares, representing an increase of 1.36%. The firm increased its portfolio allocation in IPAR by 17.97% over the last quarter.
Atlanta Capital Management Co L L C holds 851K shares representing 2.67% ownership of the company. In it's prior filing, the firm reported owning 910K shares, representing a decrease of 6.92%. The firm decreased its portfolio allocation in IPAR by 0.12% over the last quarter.
Royce & Associates holds 760K shares representing 2.38% ownership of the company. In it's prior filing, the firm reported owning 843K shares, representing a decrease of 10.94%. The firm increased its portfolio allocation in IPAR by 6.56% over the last quarter.
Copeland Capital Management holds 742K shares representing 2.33% ownership of the company. In it's prior filing, the firm reported owning 644K shares, representing an increase of 13.17%. The firm increased its portfolio allocation in IPAR by 17.74% over the last quarter.
Inter Parfums Background Information
(This description is provided by the company.)
Founded in 1982, Inter Parfums, Inc. develops, manufactures and distributes prestige perfumes and cosmetics as the exclusive worldwide licensee for Abercrombie & Fitch, Anna Sui, Boucheron, Coach, Dunhill, Graff, GUESS, Hollister, Jimmy Choo, Karl Lagerfeld, Lily Aldridge, Kate Spade, Montblanc, Oscar de la Renta, Paul Smith, Repetto, S.T. Dupont and Van Cleef & Arpels. Inter Parfums is also the owner of Lanvin fragrances and the Rochas brand. Through its global distribution network, the Company’s products are sold in over 100 countries.
This story originally appeared on Fintel.