Movado Group, Inc. (MOV) to Issue Quarterly Dividend of $0.35 on December 30th

Movado Group, Inc. (NYSE:MOV) declared a quarterly dividend on Thursday, December 5th,Wall Street Journal reports. Shareholders of record on Monday, December 16th will be given a dividend of 0.35 per share on Monday, December 30th. This represents a $1.40 annualized dividend and a yield of 6.71%. The ex-dividend date of this dividend is Monday, December 16th.

Movado Group has a payout ratio of 55.1% meaning its dividend is sufficiently covered by earnings.

Movado Group Price Performance

NYSE:MOV opened at $20.89 on Friday. The business has a fifty day moving average price of $19.58 and a 200-day moving average price of $22.17. Movado Group has a one year low of $17.86 and a one year high of $31.44. The firm has a market capitalization of $464.22 million, a price-to-earnings ratio of 20.07 and a beta of 1.04.

Analyst Ratings Changes

Separately, StockNews.com cut Movado Group from a “buy” rating to a “hold” rating in a research note on Friday, September 6th.

About Movado Group

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.