Yesterday I purchased 1 share of Givaudan against a price of CHF 2.610. With this purchase I’m adding CHF 60 to my yearly dividend income. In euro’s this is a yearly dividend of around €52,80. Based on the purchase price my yield on cost will be 2,30%.
Givaudan is a Swiss manufacturer of flavors, fragrances, and active cosmetic ingredients which. Givaudan has a marketshare of approximately 25% in flavors and fragrances.
Due to the absolute high price of Givaudan shares I waited to buy this stock in April so besides my monthly deposit I could also use the dividend income from March and April to fund the purchase of this stock.