Avon 2004 Annual Report Download - page 66

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19 Subsequent Events
On February 1, 2005, Avon announced an increase in its quarterly cash dividend to $.165 per share from $.14 per share.
The first dividend at the new rate will be paid on March 1, 2005, to shareholders of record on February 14, 2005. With
this increase, the indicated annual dividend rate is $.66 per share.
At that same time, Avon also announced that it would begin a new five-year, $1,000.0 share repurchase program upon
completion of its current share repurchase program.
Global Beauty 87
Notes to Consolidated
Financial Statements