Shareholders' equity (Tables)

6 Months Ended

Aug. 01, 2020

Dividends declared on common shares during the 26 weeks ended August 1, 2020 and August 3, 2019 were as follows:


	Fiscal 2021						Fiscal 2020
(in millions, except per share amounts)	Cash dividend per share		Total dividends		Cash dividend per share		Total dividends
First quarter	$	0.00	$	—	$	0.37	$	19.3
Second quarter ⁽¹⁾	0.00		—		0.37		19.3

Total	$	0.00	$	—	$	0.74	$	38.6

⁽¹⁾Signet’s dividend policy for common shares results in the dividend payment date being a quarter in arrears from the declaration date. As a result, as of August 3, 2019, $19.3 million, was recorded in accrued expenses and other current liabilities in the condensed consolidated balance sheets reflecting the cash dividends on common shares declared for the second quarter of Fiscal 2020.

Series A Redeemable Convertible Preferred Stock

Class of Stock [Line Items]

Schedule of Dividends

Dividends declared on preferred shares during the 26 weeks ended August 1, 2020 and August 3, 2019 were as follows:


	Fiscal 2021						Fiscal 2020
(in millions, except per share amounts)	Dividends per share		Total dividends		Dividends per share		Total dividends
First quarter	$	12.50	$	7.8	$	12.50	$	7.8
Second quarter ⁽¹⁾	12.66		7.9		12.50		7.8

Total	$	25.16	$	15.7	$	25.00	$	15.6

⁽¹⁾Signet’s preferred shares dividends result in the dividend payment date being a quarter in arrears from the declaration date. As a result, as of August 1, 2020 and August 3, 2019, $7.9 million and $7.8 million, respectively, has been recorded in accrued expenses and other current liabilities in the condensed consolidated balance sheets reflecting the dividends on preferred shares declared for the second quarter of Fiscal 2021 and Fiscal 2020, respectively. As disclosed in Note 6, the first and second quarter Fiscal 2021 dividends are paid “in-kind”.