Movado Group, Inc. (NYSE:MOV) Plans Quarterly Dividend of $0.35

Movado Group, Inc. (NYSE:MOV - Get Free Report) declared a quarterly dividend on Monday, April 14th, Wall Street Journal reports. Stockholders of record on Tuesday, April 22nd will be paid a dividend of 0.35 per share on Tuesday, May 6th. This represents a $1.40 annualized dividend and a dividend yield of 10.51%. The ex-dividend date of this dividend is Tuesday, April 22nd.

Movado Group has increased its dividend by an average of 13.8% annually over the last three years.

Movado Group Stock Performance

Shares of NYSE:MOV traded down $0.32 during trading on Friday, hitting $13.32. The company's stock had a trading volume of 483,352 shares, compared to its average volume of 198,892. The business has a 50 day moving average price of $17.21 and a two-hundred day moving average price of $18.75. Movado Group has a fifty-two week low of $12.85 and a fifty-two week high of $27.80. The company has a market capitalization of $294.83 million, a PE ratio of 12.80 and a beta of 0.92.

Movado Group (NYSE:MOV - Get Free Report) last issued its quarterly earnings data on Wednesday, April 16th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.12. The company had revenue of $181.48 million for the quarter, compared to the consensus estimate of $180.62 million. Movado Group had a net margin of 3.62% and a return on equity of 5.38%. As a group, equities analysts expect that Movado Group will post 1.05 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on MOV shares. StockNews.com cut Movado Group from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th. BWS Financial initiated coverage on shares of Movado Group in a research note on Thursday, January 2nd. They set a "buy" rating and a $31.50 price target on the stock.

Movado Group Company Profile

Movado Group, Inc designs, sources, markets, and distributes watches in the United States and internationally. The company operates in two segments, Watch and Accessory Brands, and Company Stores. The company offers its watches under the Movado, Concord, Ebel, Olivia Burton, and MVMT brands, as well as licensed brands comprising Coach, Tommy Hilfiger, HUGO BOSS, Lacoste, and Calvin Klein.