Dividend Increase: Tiffany & Co (TIF)

Yesterday TIF announced a 12.5% increase to their dividend, bringing the new dividend to $0.45 quarterly from $0.40.  This marks 15 increases in the last 14 years for the blood diamond company (hey, I’m just trying to make a profit).  The companies goal is to maintain a payout ration in the 40% range.

blood-diamonds-information

While not the type of company I ever plan to shop at (sorry any possible future wife) or store that I’d even set foot in (just don’t see the point of expensive shiny rocks), they have a surprisingly decent streak of dividend increases going.  I purchased a couple months ago at 65 and change, and could have locked in a quick 10% return, but didn’t.  About a year ago the company was trading in the mid 90’s, other luxury brands were having a little bit of a struggle and started to drop.  There is a high correlation between these sort of luxury brand companies (think COH, JWN), but TIF sort of had a delayed reaction to a decline.  In the last few months COH has turned around, so I purchased hoping that TIF will be trailing again, but have a rebound.  So this is by no means a lifelong holding for me.  Just hoping for a pickup back to somewhere near the 90’s and I’ll get out in the next 1-2 years.  In the mean time, I’m able to collect a decent yield (currently 2.88%).

So thanks TIF for the increased income to me.  I hope you sell lots of expensive shiny things to my friends and they don’t buy from Jared’s:

For those keeping track at home, that’s a total of 23 of my 46 holdings (50%) increasing dividends so far this year, just 1 decrease (DD).  I lost one of my holdings last week TWC do to a merger with CHTR.  I’ll decide what to do with Charter Communications in the next few weeks.  Fortunately that exchange took place in my Roth IRA, so no taxability, unlike last year on my Lorillard Tobacco (LO) buyout from RAI.

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