Published May 28, 2015 10:05am EDT | Updated May 28, 2015 11:10pm EDT

Tiffany Raises Quarterly Dividend By 5% To 40 Cents a Share

Tiffany & Co. said Thursday it is raising its quarterly dividend by 5% to 40 cents a share. The new dividend will be payable July 10 to shareholders of record as of June 22. Shares were down 0.5% in early trade, and are down 12% in the year so far, while the S&P 500 has gained 2.8%.