THE WHAT? The Estee Lauder Companies has announced that it will pay a quarterly dividend of US$0.53 per share on its Class A Common Stock and Class B Common Stock.
THE DETAILS Payments will be made on September 15, 2021 to stockholders of record at the close of business on August 31, 2021.
THE WHY? The US prestige beauty giant reported its results for the final quarter and full year fiscal 2021 last week. Sales have bounced back from their pandemic low, reflected in the dividend paid – up 10 percent versus the US$0.48 paid out to shareholders this time last year.