Ralph Lauren Corporation (NYSE:RL) Plans Quarterly Dividend of $0.91

Ralph Lauren Corporation (NYSE:RL) declared a quarterly dividend on Friday, December 12th. Stockholders of record on Friday, December 26th will be paid a dividend of 0.9125 per share by the textile maker on Friday, January 9th. This represents a c) dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Friday, December 26th.

Ralph Lauren has increased its dividend by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 5 years. Ralph Lauren has a payout ratio of 24.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Ralph Lauren to earn $13.61 per share next year, which means the company should continue to be able to cover its $3.65 annual dividend with an expected future payout ratio of 26.8%.

Ralph Lauren Stock Down 2.3%

Shares of NYSE:RL opened at $358.87 on Wednesday. The firm has a market capitalization of $21.76 billion, a PE ratio of 26.77, a price-to-earnings-growth ratio of 1.79 and a beta of 1.52. The firm has a fifty day moving average of $343.89 and a 200 day moving average of $312.37. Ralph Lauren has a 52-week low of $176.61 and a 52-week high of $380.00. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.35 and a current ratio of 2.04.

Ralph Lauren (NYSE:RL) last announced its quarterly earnings results on Thursday, November 6th. The textile maker reported $3.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.45 by $0.34. Ralph Lauren had a return on equity of 36.18% and a net margin of 11.28%.The company had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter in the previous year, the business earned $2.54 EPS. Ralph Lauren’s revenue was up 16.5% compared to the same quarter last year. As a group, research analysts anticipate that Ralph Lauren will post 12.01 EPS for the current fiscal year.

About Ralph Lauren

Ralph Lauren Corporation (NYSE: RL) is a global designer, marketer and distributor of premium lifestyle products under the Ralph Lauren name and a portfolio of related brands. The company, founded by Ralph Lauren in 1967 and headquartered in New York City, has grown from a single line of men’s neckties into a global lifestyle business that spans apparel, accessories and home goods.

Ralph Lauren’s product assortment includes menswear, womenswear and childrenswear along with footwear, leather goods, eyewear, fragrances and home furnishings.