Avon Increases Dividend by 4.5% to $.23

Avon Products, Inc.

today announced a 4.5% increase in its regular quarterly dividend. The new dividend rate will be $.23 per common share, up from $.22 per share, beginning with the first-quarter dividend payable March 1, 2011, to shareholders of record February 17, 2011. On an annualized basis, the new indicated dividend rate would increase to $.92 per share from $.88 per share.