Shares of International Flavors & Fragrances Inc. (NYSE: IFF) fell during Wednesday’s session after the company reported mixed fourth-quarter financial results and reduced its expected quarterly dividend approximately 50% to 40 cents per share.
U.S. stocks traded lower toward the end of trading, with the Nasdaq Composite falling more than 150 points on Wednesday. The Dow traded down 0.39% to 38,412.53 while the NASDAQ fell 1.06% to 15,464.67. The S&P 500 also fell, dropping, 0.47% to 4,952.19.