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Shareholders' equity
6 Months Ended
Jul. 31, 2021
Equity [Abstract]  
Shareholders' equity Shareholders’ equity
Dividends on Common Shares
As a result of COVID-19, Signet’s Board of Directors (the “Board”) elected to temporarily suspend the dividend program on common shares, effective in the first quarter of Fiscal 2021. The Board has elected to reinstate the dividend program on common shares
beginning in second quarter of Fiscal 2022. Dividends declared on the common shares during the 26 weeks ended July 31, 2021 and August 1, 2020 were as follows:

Fiscal 2022Fiscal 2021
(in millions, except per share amounts)Dividends
per share
Total dividendsDividends
per share
Total dividends
First quarter$ $ $— $— 
Second quarter (1)
0.18 9.5 — — 
Total
$0.18 $9.5 $— $— 
(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 July 31, 2021, $9.5 million was recorded in accrued expenses and other current liabilities in the condensed consolidated balance sheet reflecting the cash dividends on common shares declared for the second quarter of Fiscal 2022.
Dividends on Preferred Shares
Dividends declared on the Preferred Shares during the 26 weeks ended July 31, 2021 and August 1, 2020 were as follows:
Fiscal 2022Fiscal 2021
(in millions, except per share amounts)Dividends
per share
Total dividendsDividends
per share
Total dividends
First quarter$13.14 $8.2 $12.50 $7.8 
Second quarter (1)
13.14 8.2 12.66 7.9 
Total
$26.28 $16.4 $25.16 $15.7 
(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 July 31, 2021 and August 1, 2020, $8.2 million and $7.9 million, respectively, has been recorded in accrued expenses and other current liabilities in the condensed consolidated balance sheets reflecting the dividends on the Preferred Shares declared for the second quarter of Fiscal 2022 and Fiscal 2021, respectively.
There were no cumulative undeclared dividends on the Preferred Shares that reduced net income (loss) attributable to common shareholders during the 13 and 26 weeks ended July 31, 2021 or August 1, 2020. See Note 6 for additional discussion of the Company’s Preferred Shares.
Share repurchases
There were no share repurchases executed during the 26 weeks ended July 31, 2021 or August 1, 2020. The 2017 Program had $165.6 million remaining as of July 31, 2021. On August 23, 2021, the Board authorized a reinstatement of repurchases under the 2017 Program, as well as an increase in the remaining amount of shares authorized for repurchase under the 2017 Program, from $165.6 million to $225 million.