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IFF (New York) has announced that its board of directors has approved an increase to the company's quarterly dividend from $0.23 to $0.25 per common share, a 9% increase. The dividend is payable on October 2, 2008 to shareholders of record on September 18, 2008. IFF has increased its dividend 19% since October 2006. The company's goal is to pay an annual dividend in the range of 30–
IFF also said that it completed its accelerated share repurchase ("ASR") program during the second quarter 2008. The ASR program was a component of the company's share buyback activities and allowed for the repurchase of up to 15% of its shares outstanding.