NEW YORK, Nov. 1, 2012 /PRNewswire/ -- Avon Products, Inc. (NYSE: AVP) today declared a regular quarterly dividend on its common stock of $.06 per share, down from $.23 per share in the previous quarter. The dividend is payable December 3, 2012, to shareholders of record on November 15, 2012.
The reduction is part of an overall review of the company's capital structure, and is consistent with prior communication that Avon would review the dividend to align it with current operating performance as well as Avon's peer group.
Avon, the company for women, is a leading global beauty company, with over $11 billion in annual revenue. As the world's largest direct seller, Avon markets to women in more than 100 countries through more than 6 million active independent Avon Sales Representatives. Avon's product line includes beauty products, as well as fashion and home products, and features such well-recognized brand names as Avon Color, ANEW, Skin-So-Soft, Advance Techniques, Avon Naturals, and mark. Learn more about Avon and its products at www.avoncompany.com.
SOURCE Avon Products, Inc.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts