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

Ralph Lauren Corporation (NYSE:RL – Get Free Report) declared 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 of this dividend is Friday, September 25th.

Ralph Lauren has a payout ratio of 26.2% indicating that 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%.

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Ralph Lauren Price Performance

Shares of Ralph Lauren stock opened at $346.39 on Wednesday. The business has a 50 day moving average of $366.34 and a 200 day moving average of $367.41. Ralph Lauren has a 52 week low of $299.98 and a 52 week high of $421.60. The company has a market cap of $20.64 billion, a PE ratio of 21.83, a P/E/G ratio of 1.28 and a beta of 1.34. The company has a quick ratio of 1.42, a current ratio of 2.04 and a debt-to-equity ratio of 0.53.

Ralph Lauren (NYSE:RL – Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The textile maker reported $4.59 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $1.87 billion. During the same quarter in the previous year, the business posted $3.77 earnings per share. The firm’s revenue for the quarter was up 13.9% compared to the same quarter last year. As a group, equities research analysts forecast that Ralph Lauren will post 18.79 earnings per share for the current year.

About Ralph Lauren

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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.

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