Signet Jewelers Raises Quarterly Dividend Nearly 10% to $0.35
Signet Jewelers Limited (NYSE: SIG), the world's largest retailer of diamond jewelry, has declared a quarterly cash dividend of $0.35 per share, marking a nearly 10% increase from the previous $0.32 and the company's fifth consecutive year of dividend growth.
Signet Jewelers Limited (NYSE: SIG), the world's largest retailer of diamond jewelry, has declared a quarterly cash dividend of $0.35 per share for the first quarter of fiscal 2027. The increase from $0.32 per share represents a nearly 10% raise and marks the company's fifth consecutive year of dividend growth. Read more dividend announcements.
The dividend will be paid on May 22, 2026, to shareholders of record as of April 24, 2026. The stock will trade ex-dividend on April 24, 2026.
| Dividend Details | Date |
|---|---|
| Amount per Share | $0.35 |
| Record Date | April 24, 2026 |
| Ex-Dividend Date | April 24, 2026 |
| Payment Date | May 22, 2026 |
| Previous Amount | $0.32 |
| Increase | 9.4% |
The dividend announcement came alongside the company's fiscal 2026 fourth quarter and full year results released on March 19, 2026. Signet reported adjusted diluted earnings per share of $9.60 for the full year, up from $8.94 in fiscal 2025.
Fiscal 2026 Financial Performance
The Hamilton, Bermuda-based retailer generated operating cash flow of $678.8 million for fiscal 2026, compared to $590.9 million in the prior year. After capital expenditures of $153.5 million, the company produced free cash flow of approximately $525 million.
Operating income reached $393.1 million, or 5.8% of sales, compared to $110.7 million in fiscal 2025. The current year included non-cash impairment charges of $91.3 million primarily related to digital brands. Adjusted operating income was $515.0 million, or 7.6% of sales, up from $498.1 million, or 7.4% of sales, in the prior year.
Gross margin expanded to $2.7 billion from $2.6 billion, driven by gross merchandise margin expansion and leverage of fixed costs. The company ended the year with inventory of $1.94 billion, approximately flat to the prior year despite what management described as record commodity costs and a dynamic tariff environment.
Capital Allocation
During fiscal 2026, Signet repurchased approximately 3.1 million common shares for $205.2 million at an average price of about $66 per share. The company had approximately $518 million remaining in share repurchase authorization at year-end.
Cash and cash equivalents stood at $874.8 million as of January 31, 2026, compared to $604.0 million at the prior year-end, with total liquidity of approximately $2.0 billion.
Strategic Initiatives
Chief Executive Officer J.K. Symancyk highlighted the company's focus on its three largest brands — Kay, Zales, and Jared — which delivered comparable store sales growth of over one percentage point in fiscal 2026. The company plans to sharpen brand differentiation and improve the customer experience across in-store and digital channels in fiscal 2027.
Signet announced it will transition the James Allen brand to a proprietary collection and move complementary products to the Blue Nile website. The company plans to sunset the jamesallen.com site during the second quarter of fiscal 2027.
For the first quarter of fiscal 2027, the company expects total sales of $1.53 billion to $1.57 billion with same-store sales growth of 0.5% to 2.5%. Adjusted operating income is projected at $66 million to $77 million.