May 17, 2012 / 1:23 PM / 6 years ago

Tiffany raises dividend 10 percent

(Reuters) - Upscale jeweler Tiffany & Co (TIF.N) raised its dividend for the 11th time in 10 years on Thursday.

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

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

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