Tiffany Boosts Quarterly Dividend By 16%, $0.29 from $0.25

The Board of Directors of Tiffany & Co. TIF today declared a dividend of $0.29 per share of Common Stock, reflecting a 16% increase in the quarterly rate. This action increases the quarterly dividend from $0.25 per share (or $1.00 annually) to a new rate of $0.29 per share (or $1.16 per share annually). Michael J. Kowalski, chairman and chief executive officer, announced the increase at the Company's Annual Meeting of Stockholders and said, “Today's increase acknowledges Tiffany's financial performance last year and the strength of our balance sheet, and reflects the Board's confidence in our outlook. This represents the ninth dividend increase in the past nine years.”