Today’s Dividend Alert: $0.13 just might be within reach for Movado Group Inc. (NYSE:MOV) shareholder.

Today's Dividend Alert: $0.13 just might be within reach for Movado Group Inc. (NYSE:MOV) shareholder.

Movado Group Inc. (NYSE:MOV) is expected to pay $0.13 on Dec 16, 2016. The indicated annual dividend is $0.52. Shareholders owning the stock before Nov 30, 2016 will be eligible to receive the payout. Based on Movado Group Inc.’s current price of $29.35, the dividend is 0.44%. This dividend’s record date is Dec 2, 2016 and the announcement date is Nov 23, 2016. The stock closed at $29.35 during the last session. It is down 1.21% since April 26, 2016 and is uptrending. It has underperformed by 4.05% the S&P500.

Movado Group, Inc. designs, sources, markets and distributes watches. The company has a market cap of $695.60 million. The Firm operates through two divisions: Wholesale and Retail. It has a 18.07 P/E ratio. The Wholesale segment includes the design, development, sourcing, marketing and distribution of watches, and after-sales service activities and shipping.

Insitutional Activity: The institutional sentiment increased to 0.88 in Q2 2016. Its up 0.04, from 0.84 in 2016Q1. The ratio improved, as 25 funds sold all Movado Group, Inc shares owned while 54 reduced positions. 25 funds bought stakes while 41 increased positions. They now own 14.76 million shares or 3.36% less from 15.28 million shares in 2016Q1.
Cacti Asset Mgmt Lc holds 0.16% or 67,875 shares in its portfolio. Denali Advisors Limited Co has 55 shares for 0% of their US portfolio. Credit Suisse Ag holds 0% or 14,617 shares in its portfolio. Lsv Asset Management last reported 188,575 shares in the company. State Board Of Administration Of Florida Retirement owns 26,984 shares or 0% of their US portfolio. Bankshares Of Montreal Can owns 172 shares or 0% of their US portfolio. Sector Pension Invest Board, a Quebec – Canada-based fund reported 11,431 shares. State Common Retirement Fund owns 15,800 shares or 0% of their US portfolio. Morgan Stanley, a New York-based fund reported 139,219 shares. Dimensional Fund Advsr Ltd Partnership has 1.43M shares for 0.02% of their US portfolio. Federated Invsts Pa has 0% invested in the company for 728 shares. The New York-based Alliancebernstein Limited Partnership has invested 0% in Movado Group, Inc (NYSE:MOV). Amer Century holds 0% of its portfolio in Movado Group, Inc (NYSE:MOV) for 64,635 shares. The Pennsylvania-based Vanguard Gru has invested 0% in Movado Group, Inc (NYSE:MOV). State Street Corporation, a Massachusetts-based fund reported 353,949 shares.

Insider Transactions: Since June 10, 2016, the stock had 1 buy, and 0 sales for $98,100 net activity. GRINBERG EFRAIM also bought $98,100 worth of Movado Group, Inc (NYSE:MOV) shares.

More notable recent Movado Group, Inc (NYSE:MOV) news were published by: Fool.com which released: “Movado Group, Inc. Shows Signs of Stabilization” on November 23, 2016, also Fool.com with their article: “Movado Group, Inc. Dials Back Expectations” published on April 01, 2016, Fool.com published: “Movado Group, Inc. Cuts Guidance” on August 29, 2016. More interesting news about Movado Group, Inc (NYSE:MOV) were released by: Fool.com and their article: “Movado Group Inc. Slashes Its Full-Year Outlook” published on May 27, 2016 as well as Businesswire.com‘s news article titled: “Movado Group, Inc. Announces Second Quarter Results” with publication date: August 25, 2016.

MOV Company Profile

Movado Group, Inc., incorporated on November 2, 1967, designs, sources, markets and distributes watches. The Firm operates through two divisions: Wholesale and Retail. The Wholesale segment includes the design, development, sourcing, marketing and distribution of watches, and after-sales service activities and shipping. The Retail segment includes the Company’s retail outlet stores. The Firm divides its business into two geographic locations: the United States activities and International, which includes the results of all other Company operations. The Firm has international activities in Europe, the Americas (excluding the United States), the Middle East and Asia. The Company’s portfolio of brands includes Coach Watches, Concord, Ebel, ESQ Movado, Scuderia Ferrari Watches, HUGO BOSS Watches, Juicy Couture Watches, Lacoste Watches, Movado and Tommy Hilfiger Watches.

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