Inter Parfums board raises annual cash dividend rate 25% to $2.50 per share

Inter Parfums also announced that its Board of Directors approved a 25% increase in the Company’s annual cash dividend rate to $2.50 per share, payable quarterly. MAtwood noted, "The 25% increase in our dividend rate further demonstrates the confidence our Board has in the prospects for our business for both the near and longer term. Our strong financial position enables us to invest in growth opportunities within our portfolio and enlarge our brand portfolio, while continuing to reward our shareholders." The next cash dividend of $0.625 per share will be paid on March 31, 2023 to shareholders of record on March 15, 2023.