Movado Group (MOV) will raise its quarterly dividend by 25 percent to $0.10 per share in the second quarter of 2014. This marks the third consecutive year of dividend increases by the company.

The increases dividend will be paid on April 21, 2014 to all shareholders of record as of the close of business on April 7, 2014.

Movado Group, Inc. designs, sources, and distributes watches. The company's brands include Coach Watches, Concord, Ebel, ESQ Movado, Scuderia Ferrari Watches, HUGO BOSS Watches, Juicy Couture Watches, Lacoste Watches, Movado and Tommy Hilfiger Watches. Movade sells watches worldwide, and operates its own Movado company stores in the United States. Movado was incorporated in New York in 1967 under the name North American Watch Corporation to acquire Piaget Watch Corporation and Corum Watch Corporation, which had been, respectively, the exclusive importers and distributors of Piaget and Corum watches in the United States since the 1950’s. The company has been paying a dividend since 2011.