SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
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Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 15, 2003
TIFFANY & CO.
(Exact name of Registrant as specified in its charter)
Delaware 1-9494 13-3228013
(State or other jurisdiction of (Commission File Number) (I.R.S. Employer
incorporation) Identification Number)
727 Fifth Avenue, New York, New York 10022
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (212) 755-8000
Item 5. Other Events
On May 15, 2003, Registrant issued the following press release announcing an
increase in Tiffany's quarterly dividend by 25%.
New York, May 15, 2003 - The Board of Directors of Tiffany & Co. (NYSE-TIF) has
declared an increase in Tiffany's quarterly dividend on its Common Stock,
increasing the rate by 25% from the current four cents per share to a new rate
of five cents per share. The dividend will be paid on July 10, 2003 to
stockholders of record on June 20, 2003.
Michael J. Kowalski, chairman and chief executive officer, announced the
dividend increase at the Company's Annual Meeting of Stockholders and said, "Our
Board of Directors last declared a dividend increase in May 2000. We believe
that Tiffany's recent financial performance, favorable outlook and strong
balance sheet make it appropriate to reward shareholders with an increase at
this time."
Tiffany & Co. is the internationally renowned jeweler and specialty retailer.
Sales are made primarily through company-operated TIFFANY & CO. stores and
boutiques in the Americas, Asia-Pacific and Europe. Direct Marketing includes
Tiffany's Business Sales division, Internet and catalog sales. Specialty Retail
primarily includes the retail sales made in Little Switzerland, Inc. stores and
also includes consolidated results from other ventures now or in the future
operated under non-TIFFANY & CO. trademarks or trade names. Additional
information can be found on Tiffany's Web site, www.tiffany.com, and on its
shareholder information line 800-TIF-0110.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
TIFFANY & CO.
BY: /s/ Patrick B. Dorsey
_____________________________________
Patrick B. Dorsey
Senior Vice President, Secretary and
General Counsel
Date: May 15, 2003
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