International Flavors & Fragrances Inc. (NYSE:IFF) is included among the 13 Best Materials Dividend Stocks to Buy Right Now.
A lab technician analyzing natural food protection ingredients to ensure quality products.
International Flavors & Fragrances Inc., 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. 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. 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.
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