Tiffany & Co. (TIF) Declares Quarterly Dividend of $0.34
Tiffany & Co. (NYSE:TIF) announced a quarterly dividend on Thursday, February 20th, American Banking News reports. Stockholders of record on Thursday, March 20th will be paid a dividend of 0.34 per share on Thursday, April 10th. This represents a $1.36 annualized dividend and a dividend yield of 1.54%.
TIF has been the subject of a number of recent research reports. Analysts at Nomura initiated coverage on shares of Tiffany & Co. in a research note on Wednesday, February 12th. They set a “buy” rating and a $100.00 price target on the stock. On the ratings front, analysts at Zacks reiterated an “outperform” rating on shares of Tiffany & Co. in a research note on Friday, January 17th. They now have a $97.00 price target on the stock. Finally, analysts at Zacks upgraded shares of Tiffany & Co. from a “neutral” rating to an “outperform” rating in a research note on Thursday, December 26th. They now have a $100.00 price target on the stock. Nine investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $87.76.
Tiffany & Co. (NYSE:TIF) traded up 0.78% during mid-day trading on Thursday, hitting $89.08. The stock had a trading volume of 198,335 shares. Tiffany & Co. has a one year low of $63.85 and a one year high of $93.64. The stock has a 50-day moving average of $87.16 and a 200-day moving average of $82.99. The company has a market cap of $11.407 billion and a price-to-earnings ratio of 24.51.
In other Tiffany & Co. news, SVP John Petterson sold 12,500 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $88.26, for a total transaction of $1,103,250.00. Following the sale, the senior vice president now directly owns 33,413 shares in the company, valued at approximately $2,949,031. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Tiffany & Co is a holding company that operates through its subsidiary companies. The Company’s principal subsidiary, Tiffany and Company (NYSE:TIF), is a jeweler and specialty retailer whose principal merchandise offering is jewelry.
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