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Stock Market & Financial Investment News

News Breaks
May 22, 2014
09:31 EDTTIFTiffany increases dividend 12% to 38c
The board of Tiffany & Co. declared a regular quarterly dividend of 38c per share of common stock, reflecting a 12% increase in the quarterly rate from 34c per share. The dividend will be paid on July 10 to stockholders of record on June 20.
News For TIF From The Last 14 Days
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September 29, 2014
16:37 EDTTIFLone Pine Capital reports 5.3% passive stake in Tiffany
September 24, 2014
08:21 EDTTIFTiffany's new CFO to unlock value through P&L initiatives, says Goldman
Goldman said Tiffany's recently appointed CFO Ralph Nicoletti is a new driver of strength and expects him to drive meaningful free-cash-flow improvement by unlocking value in the P&L. The analyst said yesterday's refinancing is just the beginning of initiatives that will unlock value and expects to see sourcing cost reductions, streamlining of lead times, and lower capex, tax rate, and interest expenses. Shares are Buy rated with a $116 price target up from $114.

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