Shareholders' equity (Tables)

6 Months Ended

Jul. 29, 2023

Equity [Abstract]

Schedule of Dividends

Dividends declared on the common shares during the 26 weeks ended July 29, 2023 and July 30, 2022 were as follows:

	Fiscal 2024				Fiscal 2023
(in millions, except per share amounts)	Dividends per share		Total dividends		Dividends per share		Total dividends
First quarter	$	0.23	$	10.4	$	0.20	$	9.3
Second quarter (1)	0.23		10.3		0.20		9.2
Total	$	0.46	$	20.7	$	0.40	$	18.5

(1)    Signet’s dividend policy results in the dividend payment date being a quarter in arrears from the declaration date. As of July 29, 2023 and July 30, 2022, there was $10.3 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 second quarter of Fiscal 2024 and Fiscal 2023, respectively.

Dividends declared on the Preferred Shares during the 26 weeks ended July 29, 2023 and July 30, 2022 were as follows:

	Fiscal 2024				Fiscal 2023
(in millions, except per share amounts)	Dividends per share		Total dividends		Dividends per share		Total dividends
First quarter	$	13.14	$	8.2	$	13.14	$	8.2
Second quarter (1)	13.14		8.2		13.14		8.2
Total	$	26.28	$	16.4	$	26.28	$	16.4

(1)    Signet’s dividend policy results in the dividend payment date being a quarter in arrears from the declaration date. As of July 29, 2023 and July 30, 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 second quarter of Fiscal 2024 and Fiscal 2023, respectively.

Schedule of Class of Treasury Stock

The share repurchase activity during the 26 weeks ended July 29, 2023 and July 30, 2022 was as follows:

	26 weeks ended July 29, 2023					26 weeks ended July 30, 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 Program	1.2	$	82.4	$	69.88	4.7	$	341.0	$	72.14

(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.