The Boston Globe

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Movado Group Inc.

Movado rose after the Paramus, N.J.-based luxury watch and jewelry maker, whose brands include Concord and Tommy Hilfiger, swung to a profit in its fiscal fourth quarter, sparked by a 21 percent jump in sales. The company also said it would pay shareholders a special 50-cent per-share dividend and raise its quarterly dividend to 5 cents a share from 3 cents.

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