Movado Announces Quarterly Dividend

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Movado($NYSE:MOV) has announced that it will be paying a quarterly dividend of $0.35 per share, in line with its previous dividend payments. The dividend is payable on September 21st to shareholders of record on September 7th, and the ex-dividend date is September 6th. Do you think this will affect MOVADO’s market and earnings in the long term? While it is difficult to say for certain how this will affect Movado’s long-term prospects, it is generally believed that dividend payments can help to attract and retain investors, which could ultimately lead to increased market share and earnings.

Market Price

Movado Group Inc designs, develops, sources, and distributes watches and jewelry. The company operates through the following segments: Wholesale, Retail, and Licensing. The Wholesale segment offers Movado, Concord, Ebel, ESQ, Coach Watches, Olivia Burton, and other brands to authorized retailers in the United States and internationally. The Retail segment comprises of Movado company-owned stores, which sell Movado, Ebel, Concord, ESQ, Coach Watches, and other brands, as well as licensed products. The Licensing segment grants licenses to third parties to produce and sell products under its brands.

VI Analysis

Movado’s strong fundamentals reflect its long-term potential, and the company’s VI Star Chart shows that it is strong in asset, dividend, and profitability while being medium in growth. Movado also has a high health score of 8/10 with regard to its cashflows and debt, and is classified as a ‘gorilla’ company due to its strong competitive advantage. High growth companies are deemed more risky as they attempt to grow faster, but Movado’s strong fundamentals suggest that it is a stable and reliable investment.

Summary

This marks the ninth consecutive year that Movado Group has paid a quarterly dividend to shareholders. “We are pleased to announce our ninth consecutive year of dividend payments to shareholders,” said Efraim Grinberg, Chairman and CEO of Movado Group. “This underscores our commitment to creating shareholder value and our confidence in the long-term prospects for the Company.” Movado Group is a world-renowned designer and marketer of luxury watches.