7. Dividends


	Fiscal 2014					Fiscal 2013					Fiscal 2012
	Cash dividend per share		Total dividends			Cash dividend per share		Total dividends			Cash dividend per share		Total dividends
			(in millions)					(in millions)					(in millions)
First quarter	$	0.15	$	12.1		$	0.12	$	10.3		$	—	$	—
Second quarter		0.15		12.1			0.12		9.6			—		—
Third quarter		0.15		12.0			0.12		9.8			0.10		8.7
Fourth quarter⁽¹⁾		0.15		12.0	⁽²⁾		0.12		9.8	⁽²⁾		0.10		8.7

Total	$	0.60	$	48.2		$	0.48	$	39.5		$	0.20	$	17.4

(1)

Signet’s dividend policy results in the dividend payment date being a quarter in arrears from the declaration date. As a result, the dividend declared in the fourth quarter of each fiscal year is paid in the subsequent fiscal year. The dividends are reflected in the consolidated statement of cash flows upon payment.

(2)

As of February 1, 2014 and February 2, 2013, $12.0 million and $9.8 million, respectively, has been recorded in accrued expenses and other current liabilities in the consolidated balance sheets reflecting the cash dividends declared for the fourth quarter of Fiscal 2014 and Fiscal 2013, respectively.

In addition, on March 26, 2014, Signet’s Board of Directors declared a quarterly dividend of $0.18 per share on its Common Shares. This dividend will be payable on May 28, 2014 to shareholders of record on May 2, 2014, with an ex-dividend date of April 30, 2014.