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Movado Group declares 20% rise in Qtly dividend
10 Apr '06
1 min read
Leading watchmaker Movado Group Inc announced its Board of Directors has approved an increase in the Company's quarterly dividend to $0.06 per share. The increased dividend rate will be effective commencing with the regular quarterly dividend payable on April 28, 2006 to shareholders of record as of April 14, 2006.
Efraim Grinberg, President and Chief Executive Officer, stated, "The 20 percent increase in our dividend marks the fourth consecutive year of increasing Movado Group's quarterly dividend and underscores our company's powerful financial resources, consistent earnings growth and commitment to enhancing shareholder value."
Movado Group Inc designs, manufactures, and distributes Movado, Ebel, Concord, ESQ, Coach, Tommy Hilfiger and Hugo Boss watches worldwide, and operates Movado boutiques and company stores in the United States. The Company plans to launch Juicy Couture watches in the fall of 2006 and LACOSTE watches in the spring of 2007.
Efraim Grinberg, President and Chief Executive Officer, stated, "The 20 percent increase in our dividend marks the fourth consecutive year of increasing Movado Group's quarterly dividend and underscores our company's powerful financial resources, consistent earnings growth and commitment to enhancing shareholder value."
Movado Group Inc designs, manufactures, and distributes Movado, Ebel, Concord, ESQ, Coach, Tommy Hilfiger and Hugo Boss watches worldwide, and operates Movado boutiques and company stores in the United States. The Company plans to launch Juicy Couture watches in the fall of 2006 and LACOSTE watches in the spring of 2007.
Movado Group Inc
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