Coty raises annual dividend by 10%

Coty Inc. said Monday that it is raising its annual dividend by 10% to $0.275 cents per share from $0.25 cents per share on Class A and Class B common stock. The dividend is payable on August 19, 2016 to shareholders of record at the close of business on August 11, 2016. Coty shares are inactive in premarket trading but up 4.8% for the year to date. The S&P 500 Index is up 6.3% for the year so far.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.