Movado Group Inc. (NYSE:MOV) to Issue Quarterly Dividend of $0.35

Movado Group Inc. (NYSE:MOV) announced a quarterly dividend on Thursday, March 19th. Shareholders of record on Thursday, April 2nd will be given a dividend of 0.35 per share on Thursday, April 16th. This represents a c) dividend on an annualized basis and a yield of 5.6%. The ex-dividend date is Thursday, April 2nd.

Movado Group has increased its dividend by an average of 0.1%per year over the last three years.

Movado Group Stock Performance

Shares of MOV stock traded up $2.15 during mid-day trading on Thursday, hitting $25.20. 429,821 shares of the stock were exchanged, compared to its average volume of 117,604. The stock’s fifty day simple moving average is $23.81 and its two-hundred day simple moving average is $21.06. The stock has a market capitalization of $557.93 million, a price-to-earnings ratio of 25.98 and a beta of 0.93. Movado Group has a 12-month low of $12.85 and a 12-month high of $25.85.

About Movado Group

Movado Group, Inc is a global designer, manufacturer and distributor of watches and related jewelry products. The company’s portfolio encompasses both owned and licensed brands, offering a wide range of timepieces from luxury to accessible price points. Major owned brands include Movado, Concord, and Ebel, alongside newer acquisitions such as MVMT and Olivia Burton. In addition, Movado Group holds licensing agreements to produce watches under fashion names like Hugo Boss, Tommy Hilfiger, Coach, Lacoste and Scuderia Ferrari.

Movado Group’s product line spans classic dress watches, sport and dive models, fashion-forward designs and limited-edition collections.