Tiffany & Co. (TIF) Raises Quarterly Dividend 11.8% to $0.38; 1.6% Yield

Tiffany & Co. (NYSE: TIF) declared a quarterly dividend of $0.38 per share, or $1.52 annualized. This is an 11.8% increase from the prior dividend of $0.34.

The dividend will be payable on July 10, 2014, to stockholders of record on June 20, 2014, with an ex-dividend date of June 18, 2014.

The annual yield on the dividend is 1.6 percent.

Michael J. Kowalski, chairman and chief executive officer, announced the dividend increase at Tiffany’s Annual Meeting of Stockholders and said, “Our strategic framework continues to successfully drive sales and earnings growth through the creation of inspiring jewelry and accessories, a highly developed supply chain, dynamic marketing communications, an expanding global store base and wonderful shopping experiences. Just yesterday, we were pleased to report strong sales and earnings growth and healthy cash flow for our first quarter. This represents the 13th dividend increase in the past 12 years.”

For a dividend history and other dividend-related data on Tiffany & Co. (TIF) click here.

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