This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Dividend Hikes: Tiffany

Stocks in this article: TIF

NEW YORK ( TheStreet) -- Tiffany (TIF) was one of several companies to increase its dividend Thursday, although shares still traded lower alongside the broader market indices.

Tiffany said it has increased its quarterly dividend by 25% to 25 cents per share, or $1 per share annually. It was the company's second dividend increase in 2010, following the decision in January to raise the dividend to 20 cents from 17 cents per share. The hike increases Tiffany's dividend yield to 2.35% from 1.88%.

"Following an 18% increase in the quarterly dividend rate earlier this year, this action again demonstrates the board's recognition of our strong balance sheet liquidity and their confidence in Tiffany's long-term earnings growth potential," Chairman and CEO Michael Kowalski said at Tiffany's annual meeting of shareholders.

Still, Tiffany shares were down 2% to $42.58 following the announcement.

Several other companies announced dividend increases. Ship Finance International (SFL) raised its quarterly dividend to 33 cents per share from 30 cents per share.

However, shares dropped 7.4% to $16.78 as Ship Finance said it had first-quarter net income of $57 million, or 72 cents a share. Results include a $26 million gain related to the newbuilding Suezmax tanker Everbright and a negative impact of $12.8 million due the mark to market of derivatives relating to interest rate swaps.

Unum Group (UNM) said it has increased its quarterly dividend to 9.25 cents per share from 8 cents. Unum Group also said its board of directors has approved a total of up to $500 million to repurchase the company's outstanding common stock over the next 12 months. Still, shares were down 2.7% to $21.46.

Ashland (ASH) said it has doubled its quarterly dividend to 15 cents per share, citing "excellent progress during the past 18 months in integrating the Hercules acquisition, paying down our debt, creating operating leverage and executing on our business strategies." Still, shares of Ashland were down 5.4% to $51.34.

Clorox (CLX) said late Wednesday that it has upped its quarterly dividend by 10% to 55 cents per share. Clorox shares were down 0.5% to $63.57 following the announcement.

>>Find Ex-Dividend Dates With Our Dividend Calendar

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs