Estée Lauder raises quarterly dividend by 10% to 53 cents a share

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The Estée Lauder Companies Inc. said Monday its board has approved a 10% increase in its quarterly dividend to 53 cents a share. The new dividend will be payable on Dec. 15 to shareholders of record as of Nov.30. Shares of the cosmetics company were slightly lower premarket, but have gained 6% in the year to date, outperforming the S&P 500’s 1.2% gain.
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