Movado Group Inc. (MOV) To Go Ex-Dividend on June 10th

Movado Group Inc. (NYSE:MOV) declared a quarterly dividend on Wednesday, May 27th. Stockholders of record on Wednesday, June 10th will be given a dividend of 0.40 per share on Wednesday, June 24th. This represents a c) annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend is Wednesday, June 10th. This is a 14.3% increase from Movado Group’s previous quarterly dividend of $0.35.

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

Movado Group Price Performance

Shares of MOV opened at $37.05 on Monday. The stock has a 50-day moving average of $28.38 and a 200-day moving average of $24.63. The company has a market cap of $818.08 million, a PE ratio of 26.47 and a beta of 0.98. Movado Group has a one year low of $14.70 and a one year high of $38.77.

Movado Group (NYSE:MOV) last issued its quarterly earnings data on Wednesday, May 27th. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.26. The firm had revenue of $142.40 million during the quarter, compared to analyst estimates of $135.12 million. Movado Group had a return on equity of 7.13% and a net margin of 4.70%.During the same period in the previous year, the company posted $0.06 EPS. Analysts expect that Movado Group will post 1.83 EPS for the current fiscal year.

Movado Group Company Profile

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.