Tiffany & Co. increases dividends

Tiffany & Co. has increased its quarterly dividend paid on its common stock from 20% to 25% in the last three months. The dividend earlier valued 0.12 per share is now $0.15 per share or $0.60 per share on an annualised basis.

Chairman and chief executive officer at Tiffany's, Michael J. Kowalski mentioned that Tiffany’s board considered this an apt increase in view of Tiffany’s performance, financial strength and ability to pull cash inflows.

The dividend has been increased for the fifth consecutive time in the year, and will be paid on October 10, 2007 to stockholders of record on September 20, 2007.