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

Movado Group, Inc. (NYSE:MOV) declared a quarterly dividend on Monday, April 14th, Wall Street Journal reports. Investors of record on Tuesday, April 22nd will be given a dividend of 0.35 per share on Tuesday, May 6th. This represents a $1.40 dividend on an annualized basis and a yield of 10.74%. The ex-dividend date of this dividend is Tuesday, April 22nd.

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

Movado Group Trading Down 4.3 %

Shares of MOV stock opened at $13.04 on Wednesday. The company has a market cap of $288.74 million, a P/E ratio of 12.54 and a beta of 0.92. Movado Group has a 12 month low of $12.85 and a 12 month high of $27.80. The firm has a fifty day moving average price of $17.59 and a 200 day moving average price of $18.86.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on MOV shares. BWS Financial started coverage on Movado Group in a research report on Thursday, January 2nd. They set a “buy” rating and a $31.50 price target on the stock. StockNews.com downgraded shares of Movado Group from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th.

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.