Tiffany & Co. boosting dividend by 16 percent

AP News
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Posted: May 19, 2011 4:16 PM
Tiffany & Co. boosting dividend by 16 percent

Tiffany & Co. is raising its quarterly dividend by 16 percent to 29 cents from 25 cents.

The jewelry maker known for its turquoise boxes said Thursday that the dividend will be paid on July 11 to shareholders of record on June 20.

Tiffany & Co., based in New York, said the move represents the ninth dividend increase in the past nine years.