Shawshank, VA 3/29/12 (StreetBeat) -- Movado Group Inc. (NYSE: MOV) said Thursday it'll increase its regular cash dividend by 67% to 5 cents a share for shareholders of record as of April 10, payable on April 24. The Paramus, N.J., watch maker will also pay a special dividend of 50 cents a share to shareholders of record as of April 30, payable on May 15.Movado said its fourth-quarter profit for the three months ended Jan. 31 rose to $10.7 million, or 42 cents a share, from a loss of $31 million, or $1.25 a share, in the year-ago period. Adjusted profit in the latest quarter totaled 24 cents a share. Sales grew to $122.4 million from $101 million. Wall Street analysts expectd Movado to earn 10 cents a share, according to a survey by FactSet Research. Looking ahead, Movado expects fiscal 2013 earnings of $1.10 a share, even with the analyst estimate.
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