Tiffany boosts quarterly dividend by 6 pct.

Tiffany increases quarterly dividend by 6 percent to 34 cents per share

Associated Press

NEW YORK (AP) -- High-end jewelry company Tiffany & Co. is raising its quarterly dividend by 6 percent to 34 cents.

The New York company, known for its blue boxes, said Thursday that the dividend will be paid on July 10 to shareholders of record on June 20.

Tiffany said it is the 12th dividend hike in the past 11 years.

The company's stock slipped 9 cents to $76.49 in morning trading.

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