Shareholders' equity |
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| Shareholders' equity | Shareholders’ equity Dividends on common shares Dividends declared on the common shares during the 26 weeks ended August 1, 2026 and August 2, 2025 were as follows:
(1) Signet’s common dividend policy results in the quarterly dividend payment date being a quarter in arrears from the declaration date. As of August 1, 2026 and August 2, 2025, there was $13.8 million and $13.3 million, respectively, of accrued dividends recorded in accrued expenses and other current liabilities in the condensed consolidated balance sheets. Accrued dividends as of August 1, 2026 and August 2, 2025 included $0.8 million and $0.3 million, respectively, related to time-based restricted stock units. Share repurchases Signet may from time to time repurchase common shares under various share repurchase programs authorized by Signet’s Board of Directors (the “Board”). Repurchases may be made in the open market through 10b5-1 trading plans, through block trades, through accelerated share repurchase agreements or otherwise. The timing, manner, price and amount of any repurchases will be determined by the Company at its discretion and will be subject to economic and market conditions, stock prices, applicable legal requirements and other factors. The repurchase programs are funded through Signet’s existing cash reserves and liquidity sources. Repurchased shares are held as treasury shares and used by Signet primarily for issuance of share-based compensation awards, or for general corporate purposes. The Board has authorized a total of approximately $2.1 billion of repurchases to be made under the 2017 Share Repurchase Program (the “2017 Program”) as of the end of the second quarter of Fiscal 2027. During the second quarter of Fiscal 2027, the Company entered into a master confirmation and supplemental confirmation (collectively, the “ASR Agreement”), in which the Company paid a third-party financial institution $50 million to repurchase the Company’s common shares. Upon settlement, the Company received final deliveries totaling approximately 590,000 common shares. Since inception of the 2017 Program, the Company has repurchased approximately $1.8 billion of shares, with $348.0 million of shares authorized for repurchase remaining as of August 1, 2026. Subsequent to quarter end, the Board approved a further increase to the multi-year authorization under the 2017 Program bringing the total remaining authorization to approximately $700 million effective September 9, 2026. The share repurchase activity during the 26 weeks ended August 1, 2026 and August 2, 2025 was as follows:
(1) Includes amounts paid for commissions.
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