Movado Group Inc. (MOV: Quote) reported fourth quarter adjusted net income of $0.24 Thursday morning, up from $0.06 in the prior year period. The company also announced that its Board of Directors approved payment of a special cash dividend of $0.50 per share.
Movado Group gapped open higher Thursday and has continued to climb in early trade. Shares are now up 2.13 at $24.40 and have broken out to a new high for the year.
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by RTT Staff Writer
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