Materials Dividends Spotlight: International Flavors & Fragrances’ (IFF) Consistent Payouts

International Flavors & Fragrances Inc. (NYSE:IFF) is included among the 13 Best Materials Dividend Stocks to Buy Right Now.

Materials Dividends Spotlight: International Flavors & Fragrances’ (IFF) Consistent Payouts

A lab technician analyzing natural food protection ingredients to ensure quality products.

International Flavors & Fragrances Inc. (NYSE:IFF), headquartered in New York, is a diversified company with a strong presence in the taste, scent, nutrition, and health industries. Its acquisition of DuPont’s Nutrition & Biosciences division in 2021 significantly expanded its offerings to include enzymes, cultures, and texture solutions, strengthening its role as a key supplier to both established consumer goods companies and emerging food-tech firms.

Although International Flavors & Fragrances Inc. (NYSE:IFF) may not lead the sector in growth rates, its wide-ranging product portfolio and market presence give it a competitive edge. It goes beyond being a basic supplier, standing out as one of the few ingredient companies deeply involved in research and development.

In addition, International Flavors & Fragrances Inc. (NYSE:IFF) is a solid dividend company. Though the company does not have any dividend growth history, it has been making regular dividend payments to shareholders since 1972. Currently, it offers a quarterly dividend of $0.40 per share and has a dividend yield of 2.14%, as of July 29.

While we acknowledge the potential of IFF to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than IFF and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None.