The Estée Lauder Companies Inc. Increases Dividend to $.75
The Estée Lauder Companies Inc. (NYSE: EL) announced today that its Board of Directors voted to increase the annual dividend on the Company’s Class A and Class B Common Stock to $.75 per share.
The dividend amount represents a 36% increase over the previous annual rate of $.55 per share that was paid in December 2009. The $.75 per share annual dividend on the Class A Common Stock and Class B Common Stock will be payable on December 15, 2010 to stockholders of record at the close of business on November 29, 2010.
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