Swatch Group Clocks Profit Increase, Will Boost Dividend (SWGAY)

Swatch Group Clocks Profit Increase, Will Boost Dividend

Watch stocks you care about

The single, easiest way to keep track of all the stocks that matter...

Your own personalized stock watchlist!

It's a 100% FREE Motley Fool service...

Click Here Now

Swatch Group (NASDAQOTH: SWGAY ) reported positive numbers in its just-released 2012 results, and the company also said it will increase its dividend. Swatch posted sales of 8.1 billion Swiss francs ($8.9 million), just over its target for the year and 14% higher than 2011's result. Net income was $1.6 billion francs ($1.8 million), a 26% year-over-year improvement.

On the back of those financials, the company's board will propose a dividend of 6.75 francs ($7.43) per bearer share and 1.35 francs ($1.49) for each registered share. These are 17% higher than last year's payout.

Bearer shares were most recently trading at around 543 francs ($598) on the Swiss Exchange, meaning they would yield 1.2% at the new dividend level.

More Expert Advice from The Motley Fool

The Motley Fool's chief investment officer has selected his No. 1 stock for the next year. Find out which stock in our brand-new free report: "The Motley Fool's Top Stock for 2013." I invite you to take a copy, free for a limited time. Just click here to access the report and find out the name of this under-the-radar company.

Jeff Fischer and team have demystified options. And they can rack up income like $1,030... $2,626... and $3,228 on a schedule you can set your watch by!
That's why we're glad to announce every single one of their closely guarded strategies is available to YOU during May and June – 100% FREE, no strings attached! Just enter your email address in the box below...

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment icon found on every comment.