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Common shares, treasury shares, and dividends (Tables) | 12 Months Ended
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Jan. 28, 2023
Class of Stock [Line Items] |
Schedule of Class of Treasury Stock | The share repurchase activity is outlined in the table below:
|  |  | Fiscal 2023 |  | Fiscal 2022 |  | Fiscal 2021
(in millions, expect per share amounts) |  |  | Shares repurchased |  | Amount repurchased (1) (2) |  | Average repurchase price per share (2) |  | Shares repurchased |  | Amount repurchased |  | Average repurchase price per share |  | Shares repurchased |  | Amount repurchased |  | Average repurchase price per share
2017 Program |  |  | 6.1 |  |  | $ | 426.1 |  |  | $ | 70.06 |  |  | 3.2 |  |  | $ | 261.8 |  |  | $ | 81.16 |  |  | — |  |  | $ | — |  |  | $ | 0.00 |
(1) The amounts repurchased in Fiscal 2023 includes $50 million related to the forward purchase contract in the ASR which was pre-paid in Fiscal 2022. (2) Includes amounts paid for commissions.
Schedule of Dividends |
| Fiscal 2023 |  | Fiscal 2022 |  | Fiscal 2021
(in millions, except per share amounts) | Cash dividend per share |  | Total dividends |  | Cash dividend per share |  | Total dividends |  | Cash dividend per share |  | Total dividends
First quarter | $ | 0.20 |  |  | 9.3 |  |  | — |  |  | — |  |  | $ | — |  |  | — |
Second quarter | 0.20 |  |  | 9.2 |  |  | 0.18 |  |  | 9.5 |  |  | — |  |  | — |
Third quarter | 0.20 |  |  | 9.2 |  |  | 0.18 |  |  | 9.5 |  |  | — |  |  | — |
Fourth quarter (1) | 0.20 |  |  | 9.0 |  |  | 0.18 |  |  | 9.0 |  |  | — |  |  | — |
Total | $ | 0.80 |  |  | $ | 36.7 |  |  | $ | 0.54 |  |  | $ | 28.0 |  |  | $ | — |  |  | $ | — |
(1) Signet’s dividend policy results in the dividend payment date being a quarter in arrears from the declaration date. As of January 28, 2023 and January 29, 2022, there was $9.0 million and $9.0 million recorded in accrued expenses and other current liabilities in the consolidated balance sheets reflecting the cash dividends declared for the fourth quarter of Fiscal 2023 and Fiscal 2022, respectively.
Series A Redeemable Convertible Preferred Stock |
Class of Stock [Line Items] |
Schedule of Dividends |
| Fiscal 2023 |  | Fiscal 2022 |  | Fiscal 2021
(in millions) | Total dividends |  | Total dividends |  | Total dividends
First quarter | $ | 8.2 |  |  | $ | 8.2 |  |  | $ | 7.8 |
Second quarter | 8.2 |  |  | 8.2 |  |  | 7.9 |
Third quarter | 8.2 |  |  | 8.3 |  |  | 8.0 |
Fourth quarter (1) | 8.2 |  |  | 8.2 |  |  | 8.1 |
Total | $ | 32.8 |  |  | $ | 32.9 |  |  | $ | 31.8 |
(1) Signet’s dividend policy results in the preferred share dividend payment date being a quarter in arrears from the declaration date. As a result, as of January 28, 2023 and January 29, 2022, $8.2 million and $8.2 million, respectively, has been recorded in accrued expenses and other current liabilities in the consolidated balance sheets reflecting the dividends on preferred shares declared for the fourth quarter of Fiscal 2023 and Fiscal 2022. Fiscal 2021 dividends were paid “in-kind.”

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