Tiffany announces dividend increase for 9th year

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.

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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.”