While reporting financial results for the fourth quarter on Thursday, luxury watch maker Movado Group, Inc. (MOV) said it is not providing financial guidance for the full-year 2027 at this time, given the current economic and geopolitical uncertainty, including the unpredictable impact of the current Middle East conflict and ongoing tariff developments.
The Company also announced that the Board of Directors declared the payment on April 16, 2026, of a cash dividend in the amount of $0.35 for each share of the Company's outstanding common stock and class A common stock held by shareholders of record as of the close of business on April 2, 2026.
In Thursday's pre-market trading, MOV is trading on the NYSE at $24.00, up $0.95 or 4.12 percent.
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Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.