EX-Dividend Schedule: Coty Has a Dividend Yield of 3.60%; Will Trade Ex-Dividend on May 30, 2018

LONDON, UK / ACCESSWIRE / May 29, 2018 / Active-Investors has a free review on Coty Inc. (NYSE: COTY) following the Company’s announcement that it will begin trading ex-dividend on May 30, 2018. To capture the dividend pay-out, investors are required to purchase the stock one day prior to the ex-dividend date, that is latest by end of trading session on May 29, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on COTY:

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Dividend Declared

On May 09, 2018, Coty’s Board of Directors declared a quarterly cash dividend of $0.125 per common share, payable on June 14, 2018, to shareholders of record on May 31, 2018.

Coty’s indicated dividend represents a yield of 3.60%, which is substantially higher than the average dividend yield of 1.98% for the Consumer Goods sector. The Company has raised dividend for three years in a row.

Dividend Insights

Coty has a dividend payout ratio of 72.5%, which indicates that the Company spends approximately $0.73 for dividend distribution out of every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.

According to analysts’ estimates, Coty is forecasted to report earnings of $0.84 per share for the next year, which is considerably higher than the Company’s annualized dividend of $0.50 per share.

Coty’s net cash used operating activities in the third quarter 2018 ended March 31, 2018, was $118.9 million compared to cash provided by operating activities of $43.3 million in the prior year. Coty’s cash and cash equivalents of $460.8 million at March 31, 2018, decreased by $74.6 million compared to June 30, 2017. The Company’s strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain the dividend distribution for a long period.

Earnings Update

On May 09, 2018, Coty reported net revenues of $2.22 billion for the quarter ended March 31, 2018, up 9.4% on y-o-y basis. The Company reported operating income of $19.9 million for the reported quarter compared to an operating loss of $192.5 million. For Q3 FY18, Coty reported net loss of $77.0 million, or $0.10 per diluted share, compared to a net loss of $164.2 million, or $0.22 per diluted share, in Q3 FY17. The Company’s adjusted net income for the reported quarter of $96.2 million, or $0.13 per diluted share, compared to $110.3 million, or $0.15 per diluted share, in the prior year’s same quarter.

About Coty Inc.

Coty is one of the world’s largest beauty companies with approximately $9 billion in pro-forma revenue, an iconic portfolio of brands and a purpose to celebrate and liberate the diversity of consumers’ beauty. Coty has over 20,000 colleagues globally and its products are sold in over 150 countries.

The Company was founded in 1904 and is headquartered in New York, New York.

Stock Performance Snapshot

May 25, 2018 – At Friday’s closing bell, Coty’s stock was slightly up 0.15%, ending the trading session at $13.67.

Volume traded for the day: 4.58 million shares.

After last Friday’s close, Coty’s market cap was at $10.24 billion.

The stock has a dividend yield of 3.66%.

The stock is part of the Consumer Goods sector, categorized under the Personal Products industry.

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