Movado Group (MOV) Raises Quarterly Dividend 18.2% to $0.13: Approves New $50M Stock Buyback
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Movado Group, Inc. Announces New $50 Million Share Buyback Program and 18% Increase in Quarterly Dividend
March 31, 2016 6:59 AM EDTPARAMUS, N.J.--(BUSINESS WIRE)-- Movado Group, Inc. (NYSE: MOV) today announced that its Board of Directors has approved a new share buyback program under which the Company may purchase up to $50 million of its outstanding common shares from time to time, depending upon a variety of factors, including market and industry conditions, share price, regulatory requirements and other corporate considerations, as determined by the Company from time to time. The authorization expires on September 30, 2017, subject to extension or earlier termination by the Board of Directors. The Company may purchase... More
Movado Group, Inc. Announces New $50 Million Share Buyback Program and 18% Increase in Quarterly Dividend
March 31, 2016 6:59 AM EDTPARAMUS, N.J.--(BUSINESS WIRE)-- Movado Group, Inc. (NYSE: MOV) today announced that its Board of Directors has approved a new share buyback program under which the Company may purchase up to $50 million of its outstanding common shares from time to time, depending upon a variety of factors, including market and industry conditions, share price, regulatory requirements and other corporate considerations, as determined by the Company from time to time. The authorization expires on September 30, 2017, subject to extension or earlier termination by the Board of Directors. The Company may purchase... More
Movado Group, Inc. Announces Fourth Quarter and Fiscal Year 2016 Results
March 31, 2016 6:58 AM EDT~ Adjusted Fourth Quarter Diluted EPS of $0.40 and Adjusted Full Year Diluted EPS of $2.06 ~
~ Company Introduces Fiscal 2017 Guidance ~
~ Board Approves 18% Increase in the Companys Regular Quarterly Dividend ~
PARAMUS, N.J.--(BUSINESS WIRE)-- Movado Group, Inc. (NYSE: MOV) today announced fourth quarter and fiscal year 2016 results for the periods ended January 31, 2016.
Efraim Grinberg, Chairman and Chief Executive Officer, stated, We are very pleased to end fiscal 2016 with a solid fourth quarter and to have delivered on the... More
