Movado Group Declares $0.35 Quarterly Dividend
Movado Group, Inc., a global designer and distributor of luxury watches including Movado, MVMT, and licensed brands, declared a quarterly cash dividend of $0.35 per share. The dividend is payable to shareholders of record as of April 2, 2026.
Movado Group, Inc. (NYSE: MOV), a global designer and distributor of luxury watches including the Movado, MVMT, Olivia Burton, and Ebel brands, declared a quarterly cash dividend of $0.35 per share on March 19, 2026. The dividend applies to both common stock and class A common stock holders. Read more dividend announcements.
The company's board of directors approved the payment following the release of fiscal year 2026 results. Shareholders of record as of the close of business on April 2, 2026 will receive the dividend on April 16, 2026.
| Dividend Details | Information |
|---|---|
| Amount | $0.35 per share |
| Record Date | April 2, 2026 |
| Payment Date | April 16, 2026 |
| Frequency | Quarterly |
Fiscal 2026 Financial Performance
The dividend announcement accompanied the company's fiscal year 2026 results for the period ended January 31, 2026. Movado Group reported net sales of $671.3 million for the full year, a 2.7% increase from $653.4 million in fiscal 2025.
Operating income rose 49.0% to $29.8 million from $20.0 million in the prior year. Adjusted operating income increased 28.7% to $34.8 million from $27.1 million.
Net income for fiscal 2026 reached $26.6 million, or $1.17 per diluted share, compared to $18.4 million, or $0.81 per diluted share, in fiscal 2025. Adjusted earnings per share rose to $1.34 from $1.12 in the prior year, a 19.6% increase.
The company ended the fiscal year with $230.5 million in cash and no debt. Fourth quarter net sales totaled $191.6 million, representing 5.6% growth for the period.
Share Repurchase Activity
During fiscal year 2026, Movado Group repurchased approximately 208,000 shares under its December 5, 2024 share repurchase program. As of year-end, the company had $46.1 million remaining available under the program, which expires on December 5, 2027.
The company did not provide guidance for fiscal 2027, citing economic and geopolitical uncertainty including the Middle East conflict and ongoing tariff developments.