Tiffany & Co. Declares Quarterly Dividend

Tiffany & Co. has declared a regular quarterly dividend of eight cents per share on its common stock. The dividend will be paid on April 10.

The luxury retailer’s board of directors declared the dividend following a 6 percent rise in global holiday season net sales to $712 million. U.S. holiday sales during the November - December period increased 8 percent to $386 million, thanks to an increase in the average per transaction purchase.

However, not all was well - the retailer witnessed a one percent decline in sales at its flagship New York store.