Tiffany & Co. (TIF) Announces Quarterly Dividend of $0.38
Tiffany & Co. (NYSE:TIF) announced a quarterly dividend on Thursday, August 21st, Analyst Ratings News reports. Shareholders of record on Monday, September 22nd will be paid a dividend of 0.38 per share on Friday, October 10th. This represents a $1.52 annualized dividend and a dividend yield of 1.53%.
Several analysts have recently commented on the stock. Analysts at Sterne Agee raised their price target on shares of Tiffany & Co. to $108.00 in a research note on Thursday. They now have a “buy” rating on the stock. On the ratings front, analysts at Credit Suisse reiterated an “outperform” rating on shares of Tiffany & Co. in a research note on Wednesday, August 13th. They now have a $106.00 price target on the stock, up previously from $104.00. Finally, analysts at Barrington Research initiated coverage on shares of Tiffany & Co. in a research note on Monday, June 23rd. They set a “market perform” rating on the stock. Seven analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $98.18.
Shares of Tiffany & Co. (NYSE:TIF) traded up 0.42% on Thursday, hitting $99.89. 173,696 shares of the company’s stock traded hands. Tiffany & Co. has a 52-week low of $73.63 and a 52-week high of $103.38. The stock has a 50-day moving average of $99.30 and a 200-day moving average of $93.54. The company has a market cap of $12.890 billion and a price-to-earnings ratio of 57.33.
Tiffany & Co (NYSE:TIF) is a holding company that operates through its subsidiary companies.
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