Movado Group, Inc. designs, sources, markets, and distributes watches worldwide. The company operates in two segments, Watch and Accessory Brands, and Company Stores. It offers its watches under the Movado, Concord, Ebel, Olivia Burton, and MVMT brands, as well as licensed brands, such as Coach, Tommy Hilfiger, HUGO BOSS, Lacoste, Calvin Klein, and Scuderia Ferrari. The company also provides after-sales and shipping services. Its customers include jewelry store chains, department stores, independent regional jewelers, network of independent distributors, online marketplaces, licensors' retail stores, and third-party e-commerce retailers. The company also sells directly to consumers through its e-commerce platforms. As of January 31, 2022, it operated 51 retail outlet locations. The company was formerly known as North American Watch Corporation and changed its name to Movado Group, Inc. in 1996. Movado Group, Inc. was founded in 1961 and is based in Paramus, New Jersey.
Movado Dividend Announcement
• Movado announced a quarterly dividend of $0.35 per ordinary share which will be made payable on 2024-09-30. Ex dividend date: 2024-09-16
• Movado annual dividend for 2024 was $1.05
• Movado annual dividend for 2023 was $2.40
• Movado's trailing twelve-month (TTM) dividend yield is 8.85%
• Movado's payout ratio for the trailing twelve months (TTM) is 85.88%
Movado Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-16 | $0.35 | quarterly | 2024-09-30 |
2024-06-12 | $0.35 | quarterly | 2024-06-26 |
2024-04-08 | $0.35 | quarterly | 2024-04-23 |
2023-12-11 | $0.35 | quarterly | 2023-12-26 |
2023-09-06 | $0.35 | quarterly | 2023-09-21 |
2023-06-06 | $0.35 | quarterly | 2023-06-21 |
2023-04-04 | $1.35 | quarterly | 2023-04-19 |
2022-12-01 | $0.35 | quarterly | 2022-12-16 |
2022-09-06 | $0.35 | quarterly | 2022-09-21 |
2022-06-07 | $0.35 | quarterly | 2022-06-22 |
2022-04-05 | $0.35 | quarterly | 2022-04-20 |
2021-12-02 | $0.25 | quarterly | 2021-12-17 |
2021-09-07 | $0.20 | quarterly | 2021-09-22 |
2021-06-08 | $0.20 | quarterly | 2021-06-23 |
2021-04-06 | $0.20 | quarterly | 2021-04-21 |
2021-01-20 | $0.10 | quarterly | 2021-02-05 |
2019-12-05 | $0.20 | quarterly | 2019-12-20 |
2019-09-09 | $0.20 | quarterly | 2019-09-24 |
2019-06-10 | $0.20 | quarterly | 2019-06-25 |
2019-04-09 | $0.20 | quarterly | 2019-04-24 |
2018-12-13 | $0.20 | quarterly | 2018-12-28 |
2018-09-10 | $0.20 | quarterly | 2018-09-25 |
2018-06-08 | $0.20 | quarterly | 2018-06-25 |
2018-04-10 | $0.20 | quarterly | 2018-04-25 |
2017-11-30 | $0.13 | quarterly | 2017-12-15 |
2017-09-08 | $0.13 | quarterly | 2017-09-25 |
2017-06-02 | $0.13 | quarterly | 2017-06-20 |
2017-03-29 | $0.13 | quarterly | 2017-04-14 |
2016-11-30 | $0.13 | quarterly | 2016-12-16 |
2016-09-01 | $0.13 | quarterly | 2016-09-20 |
2016-06-03 | $0.13 | quarterly | 2016-06-21 |
2016-04-08 | $0.13 | quarterly | 2016-04-26 |
2015-12-02 | $0.11 | quarterly | 2015-12-18 |
2015-09-03 | $0.11 | quarterly | 2015-09-22 |
2015-06-04 | $0.11 | quarterly | 2015-06-22 |
2015-04-08 | $0.11 | quarterly | 2015-04-24 |
2014-12-03 | $0.10 | quarterly | 2014-12-19 |
2014-09-03 | $0.10 | quarterly | 2014-09-19 |
2014-05-29 | $0.10 | quarterly | 2014-06-16 |
2014-04-03 | $0.10 | quarterly | 2014-04-21 |
2013-12-04 | $0.08 | quarterly | 2013-12-20 |
2013-09-04 | $0.08 | quarterly | 2013-09-20 |
2013-06-06 | $0.05 | quarterly | 2013-06-21 |
2013-03-28 | $0.05 | quarterly | 2013-04-16 |
2012-12-06 | $0.75 | quarterly | 2012-12-21 |
2012-09-06 | $0.05 | quarterly | 2012-09-24 |
2012-06-07 | $0.05 | quarterly | 2012-06-25 |
2012-04-26 | $0.50 | quarterly | 2012-05-15 |
2012-04-05 | $0.05 | quarterly | 2012-04-24 |
Movado Dividend per year
Movado Dividend growth
Movado Dividend Yield
Movado current trailing twelve-month (TTM) dividend yield is 8.85%. Interested in purchasing Movado stock? Use our calculator to estimate your expected dividend yield:
Movado Financial Ratios
Movado Dividend FAQ
Other factors to consider when evaluating Movado as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Movado's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Movado publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Movado distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Movado are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Movado sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Movado distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Movado declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Movado's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Movado's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.