Estee Lauder Reports Strong Profit, Increases Quarterly Dividend

Today, skincare and makeup company The Estée Lauder Companies Inc posted a better-than-expected quarterly earnings report, beating analysts’ expectations.

According to Reuters, Sales from its makeup division increased to 14 percent at USD1.16 billion when compared to the figures in the same period last year. The net income also rose to USD309.3 million or USD0.82 cents per share in the third quarter ended September 30. A year earlier, net income posted was USD228.1 million or USD0.59 cents per share.

Moreover, the company also announced a 25 percent increase in its quarterly dividend on the Company’s Class A and Class B Common Stock. The increase amounts to USD0.30 per share, which is reportedly payable on December 15 this year at the company’s close of business on November 30. In the same period last year, stockholders on record got to receive USD0.24 per share in quarterly dividends.