By Colin Kellaher
Movado Group's board has raised the watch maker's quarterly dividend by 14%, to 40 cents from 35 cents.
The new payout, equal to $1.60 a year, represents an annual yield of about 5.37% based on Tuesday's closing price of $29.82, up from 4.69%.
The Paramus, N.J., company on Wednesday said the increased dividend is payable June 24 to shareholders of record June 10.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
May 27, 2026 06:56 ET (10:56 GMT)
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