Signet Jewelers (SIG) will reinstate its quarterly dividend in 2021. This company suspended its quarterly dividend because of the COVID-19 pandemic in 2020. The company last raised its quarterly dividend by 19.4 percent to $0.37 per share in the first quarter of 2018.
Signet will pay a $0.18 per share quarterly dividend on August 27, 2021 to holders of record on July 30, 2021. The new annual dividend rate of 72 cents will yield 1% at a stock price of $70. Signet will now pay an estimated annual dividend of $38 million to shareholders.
Signet Jewelers Limited is a retailer of jewelry, watches and associated services in the United States, Canada and the United Kingdom. The Company operates retail jewelry stores in various real estate formats, including mall-based, free-standing, strip center and outlet store locations. The company operates stores primarily under the name brands of Kay Jewelers, Zales, Jared, H.Samuel, Ernest Jones, Peoples, Piercing Pagoda, and JamesAllen.com. Prior to the 2020 dividend suspension Signet Jewelers had been paying a dividend since 2011.