Movado Group Inc. (MOV) To Go Ex-Dividend on September 8th

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

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

Movado Group Trading Down 1.8%

NYSE:MOV opened at $34.37 on Friday. Movado Group has a 12 month low of $16.75 and a 12 month high of $40.50. The firm has a fifty day simple moving average of $37.42 and a 200-day simple moving average of $31.20. The company has a market capitalization of $758.80 million, a P/E ratio of 19.09 and a beta of 0.97.

Movado Group (NYSE:MOV) last announced its quarterly earnings data on Wednesday, August 26th. The company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.19. The firm had revenue of $169.75 million for the quarter, compared to analyst estimates of $164.20 million. Movado Group had a net margin of 6.00% and a return on equity of 8.49%. Equities analysts forecast that Movado Group will post 1.87 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.