Movado Group (MOV) will raise its quarterly dividend by 18.2 percent to $0.13 per share in Q2 of 2016. The first such dividend will be paid on April 26, 2016 to all shareholders of record as of the close of business on April 12, 2016.

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.