Luxury jewellery group reveals 16% increase in dividend to $0.29.
Luxury jeweller Tiffany & Co has announced a dividend of $0.29 per share of common stock, a 16% increase in the quarterly rate.
The jeweller said that the increase in dividend reflected a strong financial performance at the group last year. The increase is the ninth dividend increase in the past nine years.
Tiffany chairman and chief executive officer Michael Kowalski said: “The increase acknowledges Tiffany’s financial performance last year and the strength of our balance sheet, and reflects the board’s confidence in our outlook.”