Tiffany & Co. Raises Dividend (TIF)

Luxury retailer Tiffany & Co. TIF has raised its quarterly dividend by 25 percent. The company said the board of directors approved a dividend payout of 25 cents per share, up from 20 cents per share. This is the second time Tiffany has raised its dividend this year. In January the company boosted its quarterly distribution from 17 cents per share to 20 cents. Tiffany is set to report first-quarter results next week.