XML 49 R38.htm IDEA: XBRL DOCUMENT v3.23.3
Shareholders' equity (Tables)
9 Months Ended
Oct. 28, 2023
Equity [Abstract]  
Schedule of Dividends
Dividends declared on the common shares during the 39 weeks ended October 28, 2023 and October 29, 2022 were as follows:
Fiscal 2024Fiscal 2023
(in millions, except per share amounts)Dividends
per share
Total dividendsDividends
per share
Total dividends
First quarter$0.23 $10.4 $0.20 $9.3 
Second quarter
0.23 10.3 0.20 9.2 
Third quarter (1)
0.23 10.2 0.20 9.2 
Total
$0.69 $30.9 $0.60 $27.7 
(1)    Signet’s dividend policy results in the dividend payment date being a quarter in arrears from the declaration date. As of October 28, 2023 and October 29, 2022, there was $10.2 million and $9.2 million recorded in accrued expenses and other current liabilities in the condensed consolidated balance sheets reflecting the cash dividends declared for the third quarter of Fiscal 2024 and Fiscal 2023, respectively.
Dividends declared on the Preferred Shares during the 39 weeks ended October 28, 2023 and October 29, 2022 were as follows:
Fiscal 2024Fiscal 2023
(in millions, except per share amounts)Dividends
per share
Total dividendsDividends
per share
Total dividends
First quarter$13.14 $8.2 $13.14 $8.2 
Second quarter
13.14 8.2 13.14 8.2 
Third quarter (1)
13.14 8.2 13.14 8.2 
Total
$39.42 $24.6 $39.42 $24.6 
(1)    Signet’s dividend policy results in the dividend payment date being a quarter in arrears from the declaration date. As of October 28, 2023 and October 29, 2022, there was $8.2 million and $8.2 million recorded in accrued expenses and other current liabilities in the condensed consolidated balance sheets reflecting the cash dividends on the Preferred Shares declared for the third quarter of Fiscal 2024 and Fiscal 2023, respectively.
Schedule of Class of Treasury Stock
The share repurchase activity during the 39 weeks ended October 28, 2023 and October 29, 2022 was as follows:
39 weeks ended October 28, 2023
39 weeks ended October 29, 2022
(in millions, except per share amounts)Shares repurchased
Amount repurchased (2)
Average repurchase price per share (2)
Shares repurchased
Amount repurchased (1)(2)
Average repurchase price per share (2)
2017 Program1.7$117.5 $70.76 5.1$361.2 $70.98 
(1)    The amount repurchased in Fiscal 2023 includes $50 million related to the forward purchase contract as part of the previously disclosed accelerated share repurchase agreement.
(2)    Includes amounts paid for commissions.