Avon Keeps Quarterly Dividend at $0.06

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Health and beauty products provider Avon Products  will pay a regular quarterly dividend of $0.06 on June 3  to shareholders of record at the close of business on May 14. That's the same amount it declared in February and November.

It has paid a quarterly dividend consistently since 2000, but was forced to cut its payout last year after profits fell 81% in the third quarter.  The quarterly dividend at the time had been $0.23, so the lowered payout (to $0.06) represented a near-75% cut. 

Avon is a leading global beauty company with nearly $11 billion in annual revenue. Its products are sold through more than 6 million active independent sales representatives in more than 100 countries.

The most recent dividend payment equates to a $0.24-per-share annual dividend yielding 3.3% based on the closing price of Avon's stock on April 29.

AVP Dividend Chart

AVP Dividend data by YCharts.


The article Avon Keeps Quarterly Dividend at $0.06 originally appeared on Fool.com.

Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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