The watchmaker raises its quarterly dividend by 5 cents while signaling moderating revenue expansion in the current quarter.
Movado Group increased its quarterly dividend to $0.40 per share, up from $0.35, reflecting confidence in cash flow despite softer sales momentum. The company expects Q2 revenue growth to moderate after a strong fiscal Q1 start.
First-quarter performance benefited from robust consumer demand and business momentum, though management noted a dynamic external environment. Comparable sales trends remain positive but are projected to ease in the near term.
Shares showed limited movement following the announcement, as investors weighed the dividend hike against the sales outlook.