Ralph Lauren Corporation (NYSE:RL) to Issue Quarterly Dividend of $1.00

Ralph Lauren Corporation (NYSE:RL) announced a quarterly dividend on Friday, September 11th. Stockholders of record on Friday, September 25th will be given a dividend of 1.00 per share by the textile maker on Friday, October 9th. This represents a c) annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, September 25th.

Ralph Lauren has a dividend payout ratio of 26.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Ralph Lauren to earn $20.78 per share next year, which means the company should continue to be able to cover its $4.00 annual dividend with an expected future payout ratio of 19.2%.

Ralph Lauren Stock Performance

RL opened at $346.39 on Wednesday. The company’s 50 day moving average is $366.34 and its 200 day moving average is $367.41. The company has a current ratio of 2.04, a quick ratio of 1.42 and a debt-to-equity ratio of 0.53. The company has a market cap of $20.64 billion, a price-to-earnings ratio of 21.83, a PEG ratio of 1.28 and a beta of 1.34. Ralph Lauren has a 12-month low of $299.98 and a 12-month high of $421.60.

Ralph Lauren (NYSE:RL) last announced its earnings results on Thursday, August 6th. The textile maker reported $4.59 EPS for the quarter, beating analysts’ consensus estimates of $4.32 by $0.27. Ralph Lauren had a net margin of 11.76% and a return on equity of 39.10%. The business had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.87 billion. During the same period in the prior year, the company earned $3.77 earnings per share. The firm’s revenue was up 13.9% on a year-over-year basis. On average, equities research analysts predict that Ralph Lauren will post 18.79 EPS for the current year.

About Ralph Lauren

Ralph Lauren Corporation (NYSE: RL) is a global lifestyle company that designs, markets and distributes apparel, accessories, home furnishings and related products. Its portfolio includes the Ralph Lauren, Polo Ralph Lauren, Lauren Ralph Lauren, Ralph Lauren Purple Label, Double RL and other brand lines.

The company’s products include men’s, women’s and children’s clothing, footwear, handbags, accessories, fragrances and eyewear, as well as furniture, bedding, bath products and other home goods.