Ralph Lauren Corporation (NYSE:RL) Raises Dividend to $1.00 Per Share

Ralph Lauren Corporation (NYSE:RL) announced a quarterly dividend on Thursday, May 21st. Shareholders of record on Friday, June 26th will be paid a dividend of 1.00 per share by the textile maker on Friday, July 10th. This represents a c) dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Friday, June 26th. This is a 9.6% increase from Ralph Lauren’s previous quarterly dividend of $0.91.

Ralph Lauren has increased its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 5 years. Ralph Lauren has a dividend payout ratio of 24.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Ralph Lauren to earn $18.08 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 20.2%.

Ralph Lauren Stock Performance

Shares of RL opened at $374.87 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.52 and a current ratio of 2.10. The stock has a 50 day moving average price of $353.22 and a two-hundred day moving average price of $355.10. The firm has a market capitalization of $22.69 billion, a P/E ratio of 25.52, a P/E/G ratio of 1.12 and a beta of 1.37. Ralph Lauren has a 52 week low of $258.13 and a 52 week high of $393.41.

Ralph Lauren (NYSE:RL) last issued its quarterly earnings data on Thursday, May 21st. The textile maker reported $2.80 EPS for the quarter, topping analysts’ consensus estimates of $2.52 by $0.28. The firm had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.85 billion. Ralph Lauren had a return on equity of 37.97% and a net margin of 11.73%.The company’s revenue for the quarter was up 16.6% on a year-over-year basis. During the same period in the previous year, the company posted $2.27 EPS. Equities analysts forecast that Ralph Lauren will post 16.3 earnings per share 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.