Tiffany Raises Quarterly Dividend By 33%
May 19, 05
The board of luxury jeweler Tiffany & Co has declared a 33 percent increase in the quarterly dividend rate, from six cents per share per quarter to eight cents per share per quarter.
The company said the dividend will be paid on July 11, 2005 to stockholders of record on June 20, 2005.
This represents Tiffany's third consecutive year with a dividend increase.
Michael J. Kowalski, chairman and CEO, announced the increase at the company's annual meeting of shareholders. “Tiffany is in a strong financial position. The Board's action today demonstrates its confidence in the future,” he said.