5 big dividends and stock buybacks: Movado, Oxford Industries | Pro Recap
Investing.com | Author Davit Kirakosyan
Published Mar 27, 2023 06:38AM ET
Updated Mar 27, 2023 08:38AM ET
By Davit Kirakosyan
Investing.com -- Here is your weekly Pro Recap of the biggest share buybacks, dividend hikes and special dividends you may have missed on InvestingPro.
Movado announces special dividend, shares plunge on disappointing outlook /h2
Movado Group (NYSE:MOV) declared a special dividend of $1.00 per share, with an annual yield of 3%. The dividend will be payable on April 19, 2023, to stockholders of record on April 5, 2023, with an ex-dividend date of April 4, 2023.
Shares dropped more than 14% on Thursday on the company's disappointing 2024 outlook and warning on difficult retail market conditions, despite Q4 EPS and revenues coming in better than the consensus estimates.
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