International Flavors & Fragrances (IFF) has touched its pre-ex close within 30 trading days in 85% of the last 20 ex-dividend events, with a median time-to-touch of 1 trading day (limit-order recovery basis). The dividend is below the typical daily price swing (signal-to-noise 0.28), meaning ordinary day-to-day noise can easily exceed the dividend itself.
Versus its sector, IFF sits noticeably below the Basic Materials sector benchmark of 95%. The sector median time-to-touch is 1 trading day, matching the peer pace.
Historical base rates are not predictions; transaction costs, slippage, and ordinary-income tax on short holding periods can materially reduce realized profit. The next ex-dividend date is estimated at Sep 17, 2026 (±5 days), based on the historical pattern; the company has not yet declared a dividend.
- Touch rate (30d)
- 85%-10pp vs sector
- Median days-to-touch
- 1din line with sector
- Signal-to-noise
- 0.28+0.07 vs sector
Recovery engine
TL;DR over the most recent 20 events.
| Metric | Value | vs sector |
|---|---|---|
| 30-day touch rate | 85% | -10pp vs sector |
| Median days-to-touch | 1d | in line with sector |
| Signal-to-noise (div / ATR) | 0.28 | +0.07 vs sector |
| Avg gap on ex-date | -0.62% | -0.21pp vs sector |
| Win rate at MOC exit | 65% | — |
| Median drawdown during hold | -2.89% | +1.82pp vs sector |
| Best / worst touch (days) | 1 / 7 | — |
Next ex-dividend
Estimated from historical pattern ±5 days.
| Dividend | $0.40 |
| Per-event yield | 0.59% |
| Annualized yield | 2.09% |
| Previously paid | Mar 20, 2026 ($0.40) |
| Last record date | Mar 20, 2026 |
| Last payment date | Apr 10, 2026 |
IFF Dividend Capture History — Last 20 Ex-Dividend Events
Per-event gap on ex-date, the pre-ex close used as the touch target, trading days to first intraday high at or above that level, plus 5/30-day touch flags, drawdown and 5-day P&L for International Flavors & Fragrances (IFF). For a stricter close-at-bell exit timeline, use the simulator below (MOC mode). td = trading days from ex-date.
| Recovered 5d | Recovered 30d | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Q1 | $0.40 | 0.43% | $68.13 | 1 | yes | yes | -2.85% | +4.81% | |
| Q4 | $0.40 | -0.92% | $65.41 | 1 | yes | yes | -1.54% | +4.20% | |
| Q3 | $0.40 | 0.02% | $60.72 | 1 | yes | yes | -2.60% | +1.94% | |
| Q2 | $0.40 | -0.23% | $74.89 | 1 | yes | yes | -3.02% | -0.19% | |
| Q1 | $0.40 | -1.10% | $79.74 | >30 | no | no | -5.03% | -3.59% | |
| Q4 | $0.40 | -0.80% | $85.94 | 1 | yes | yes | -4.76% | -1.84% | |
| Q3 | $0.40 | -0.80% | $103.24 | 1 | yes | yes | -2.93% | +2.21% | |
| Q2 | $0.40 | -0.14% | $96.17 | 1 | yes | yes | -3.59% | -0.58% | |
| Q1 | $0.40 | 0.20% | $83.92 | 1 | yes | yes | -3.57% | +2.94% | |
| Q4 | $0.81 | -1.12% | $82.08 | 2 | yes | yes | -4.01% | -2.10% | |
| Q3 | $0.81 | -2.49% | $70.00 | >30 | no | no | -7.64% | -1.44% | |
| Q2 | $0.81 | -1.41% | $78.16 | 7 | no | yes | -3.81% | +0.59% | |
| Q1 | $0.81 | -0.96% | $83.03 | 1 | yes | yes | -1.08% | +10.00% | |
| Q4 | $0.81 | -0.97% | $103.90 | 1 | yes | yes | -1.26% | +4.88% | |
| Q3 | $0.81 | -1.16% | $99.15 | >30 | no | no | -9.27% | -6.82% | |
| Q2 | $0.79 | -0.03% | $115.71 | 1 | yes | yes | -1.07% | +3.63% | |
| Q1 | $0.79 | -1.24% | $126.13 | 1 | yes | yes | -1.89% | +4.75% | |
| Q4 | $0.79 | 0.01% | $143.09 | 1 | yes | yes | -0.81% | +4.77% | |
| Q3 | $0.79 | 0.19% | $132.61 | 1 | yes | yes | -1.58% | +1.43% | |
| Q2 | $0.77 | 0.03% | $148.45 | 1 | yes | yes | -1.48% | +1.15% |
- +4.81%
- +4.20%
- +1.94%
- -0.19%
- -3.59%
- -1.84%
- +2.21%
- -0.58%
- +2.94%
- -2.10%
- -1.44%
- +0.59%
- +10.00%
- +4.88%
- -6.82%
- +3.63%
- +4.75%
- +4.77%
- +1.43%
- +1.15%
IFF Pre-Ex Touch Time Distribution
First trading session whose intraday high reached the pre-ex close within the 30-day measurement window. td = trading days from ex-date.
| Touch window | Distribution | Count | Share |
|---|---|---|---|
| ≤ 1 day | 15 | 75% | |
| 2–3 days | 1 | 5% | |
| 4–5 days | 0 | 0% | |
| 6–10 days | 1 | 5% | |
| 11–30 days | 0 | 0% | |
| 30+ | 3 | 15% |
IFF Dividend Capture Calculator — After-Tax Yield
Pre-filled with IFF's next expected dividend and recent close. Adjust tax rate, holding period and slippage to estimate after-tax capture yield.
U.S. ordinary-income rate (22-37%) applies on holds shorter than 61 days. Hold longer to qualify for the 0/15/20% qualified-dividend rate.
- Gross dividend
- $80.00
- After-tax dividend
- $52.00
- Slippage round-trip
- -$13.63
- Net if price returns to pre-ex
- +$38.37
- Required recovery to break even
- 0.00%
- Per-event after-tax yield
- +0.28%
- Annual if all succeed
- ~14.2%
IFF Dividend Capture Backtest Simulator
Replay every historical IFF ex-dividend with two exit strategies: a GTC limit-order at the pre-ex close, or hold for N days and exit at MOC. Pick the window and quarter filter that matches your plan.
Sell back at the pre-ex close on the first intraday touch within the window. If it never touches, exit at MOC after the window expires (stop-loss).
Figures are gross — before tax, commissions, and slippage. Percents are per-event return on capital at entry (pre-ex close).
Cumulative P&L (equity curve)
Vertical axis: cumulative sum of per-event % (same units as the headline cumulative). Hover dots for exact values.
Per-event P&L distribution
20 trades in this sample · bar height ∝ count in each bucket (gross % per event).
Scenario P&L by event · IFF (20)
Scenario P&L — updates with exit mode, window, and quarter. History adds gap, touch, drawdown, and a fixed P&L 5d % (MOC). Same per-row % as that column only for MOC + 5d on the same rows. Oldest → newest, gross pre-ex close basis.
| Ex-date | P&L |
|---|---|
| +0.52% | |
| +0.60% | |
| +0.55% | |
| +0.63% | |
| +0.68% | |
| -6.82% | |
| +0.78% | |
| +0.98% | |
| +0.59% | |
| -1.44% | |
| +0.99% | |
| +0.48% | |
| +0.42% | |
| +0.39% | |
| +0.47% | |
| -3.59% | |
| +0.53% | |
| +0.66% | |
| +0.61% | |
| +0.59% |
Results are illustrative only and are not financial advice. Capture simulations use historical prices and simplified costs and tax assumptions. Actual fills, borrow fees, and market rules vary. Consult a qualified advisor before trading.