Avon Announces Reduction in Quarterly Dividend
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.