Printer Friendly

AVON ANNOUNCES INCREASE IN QUARTERLY DIVIDEND

 AVON ANNOUNCES INCREASE IN QUARTERLY DIVIDEND
 NEW YORK, Aug. 3 /PRNewswire/ -- Avon Products Inc. (NYSE: AVP)


today declared an increase in the regular quarterly dividend on common shares from 35 cents to 40 cents, which is an annual rate of $1.60 per share up from the current rate of $1.40.
 The third quarter dividend at the new rate will be payable on Sept. 1, 1992, to shareholders of record on Aug. 20. The new quarterly dividend represents an increase of 14 percent on an annual basis.
 With this move, Avon, in the past 18 months, will have taken its regular dividend from $1.00 to $1.60, a 60 percent increase, plus paid out a $3.00 special dividend in September 1991 -- demonstrating its commitment to provide enhanced returns to its shareholders.
 Avon is the world's leading direct seller and marketer of beauty and related products with $3.6 billion in annual revenues. Avon markets its products to women in more than 100 countries through 1.5 million independent representatives. Avon product lines include such recognizable brands as Skin-So-Soft, Moisture Therapy, Color Rich Lipstick and Imari fragrance. Avon is also the world's largest manufacturer of fashion jewelry and markets an extensive line of gifts and collectibles.
 -0- 8/3/92 R
 /CONTACT: Elaine Benvenuto of Avon, 212-546-6058/
 (AVP) CO: Avon Products Inc. ST: New York IN: HOU SU: DIV


LR -- NY013R -- 6411 08/03/92 19:14 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Aug 3, 1992
Words:240
Previous Article:PILGRIM'S PRIDE CORPORATION ANNOUNCES RESULTS
Next Article:HOME SHOPPING NETWORK COMPLETES PSi SPIN-OFF
Topics:


Related Articles
AVON DECLARES REGULAR QUARTERLY DIVIDEND
AVON DECLARES REGULAR QUARTERLY DIVIDEND
AVON DECLARES REGULAR QUARTERLY DIVIDEND
AVON ANNOUNCES INCREASE IN QUARTERLY DIVIDEND
AVON DECLARES REGULAR QUARTERLY DIVIDEND
AVON DECLARES REGULAR QUARTERLY DIVIDEND
AVON INCREASES QUARTERLY DIVIDEND 10% TO $.55 PER SHARE
AVON DECLARES REGULAR QUARTERLY DIVIDEND; BOARD APPROVES TWO-FOR-ONE STOCK SPLIT
Avon Declares Regular Quarterly Dividend
Avon Announces Two-For-One Stock Split; Increases Buyback Program by $600 Million

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters