Movado Group Inc. (MOV) to Distribute Quarterly Dividend of $0.40 on September 22nd

Movado Group Inc. (NYSE:MOV) announced a quarterly dividend on Wednesday, August 26th. Stockholders of record on Tuesday, September 8th will be paid a dividend of 0.40 per share on Tuesday, September 22nd. This represents a c) annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend is Tuesday, September 8th.

Movado Group has raised its dividend by an average of 0.7%per year over the last three years.

Movado Group Trading Up 0.8%

Shares of NYSE MOV opened at $33.91 on Friday. The stock has a fifty day simple moving average of $36.86 and a two-hundred day simple moving average of $31.55. Movado Group has a 1-year low of $17.24 and a 1-year high of $40.50. The firm has a market cap of $756.53 million, a price-to-earnings ratio of 18.84 and a beta of 0.92.

Movado Group (NYSE:MOV) last issued its earnings results on Wednesday, August 26th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.19. Movado Group had a return on equity of 8.49% and a net margin of 6.00%.The firm had revenue of $169.75 million for the quarter, compared to analyst estimates of $164.20 million. Analysts forecast that Movado Group will post 1.94 EPS for the current year.

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.