Tiffany raises dividend 10 percent

Thu May 17, 2012 9:19am EDT
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(Reuters) - Upscale jeweler Tiffany & Co (TIF.N: Quote) raised its dividend for the 11th time in 10 years on Thursday.

The quarterly dividend will be increased by 10 percent to 32 cents per share from 29 cents.

Tiffany will report quarterly earnings next week, with analysts expecting a profit of 69 cents per share on revenues of $816.9 million. A year earlier it earned 67 cents a share.

(Reporting By Phil Wahba; editing by Jeffrey Benkoe)

A Tiffany & Co. sign is shown at a storefront in San Diego, California March 19, 2012. REUTERS/ Mike Blake