8. Dividends


	Fiscal 2013		Fiscal 2012
(in millions)
First quarter dividend of $0.12 per share (Fiscal 2012: $0.00 per share)	$	10.3	$	—
Second quarter dividend of $0.12 per share (Fiscal 2012: $0.00 per share)		9.6		—
Third quarter dividend of $0.12 per share (Fiscal 2012: $0.10 per share)		9.8		8.7
Fourth quarter dividend of $0.12 per share (Fiscal 2012: $0.10 per share)		9.8		8.7

Total dividends	$	39.5	$	17.4

For the fourth quarter of Fiscal 2013, a cash dividend of $0.12 per share on Signet’s Common Shares was approved on January 7, 2013 for a payment on February 27, 2013 to shareholders of record on January 28, 2013. As a result, $9.8 million has been recorded in accrued expenses and other current liabilities reflecting this dividend, which is not presented in the consolidated statement of cash flows as it is a non-cash transaction in Fiscal 2013. As of January 28, 2012, $8.7 million was recorded in accrued expenses related to the fourth quarter Fiscal 2012 dividend. For the first, second and third quarters of Fiscal 2013, a cash dividend of $0.12 per share on Signet’s Common Shares was paid on May 29, 2012, August 28, 2012 and November 26, 2012, respectively.

In addition, on March 27, 2013, Signet’s Board of Directors declared a quarterly dividend of $0.15 per share on its Common Shares. This dividend will be payable on May 29, 2013 to shareholders of record on May 3, 2013, with an ex-dividend date of May 1, 2013.