Tiffany & Co. (NYSE – TIF) today announced that its Board of Directors
has declared a dividend of $0.32 per share of Common Stock, reflecting a
10% increase in the quarterly rate. This action increases the quarterly
dividend from $0.29 per share (or $1.16 annually) to a new rate of $0.32
per share (or $1.28 per share annually).
Michael J. Kowalski, chairman and chief executive officer, announced the
increase at the Company’s Annual Meeting of Stockholders, saying, “This
latest action marks the 11th dividend increase in the past 10
years.”
The dividend declared today will be paid on July 10, 2012 to
stockholders of record on June 20, 2012. Future dividends are subject to
declaration by the directors.
Company Description
Tiffany & Co. operates jewelry stores and manufactures products through
its subsidiary corporations. Its principal subsidiary is Tiffany and
Company. The Company operates TIFFANY & CO. retail stores in the
Americas, Asia-Pacific, Japan and Europe and engages in direct selling
through Internet, catalog and business gift operations. For additional
information, please visit www.tiffany.com
or call our shareholder information line at 800-TIF-0110.
