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Ralph Lauren Corporation Declares Quarterly Dividend

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Ralph Lauren Corporation (NYSE: RL) declares a regular quarterly dividend of $0.75 per share on its Common Stock. The dividend will be paid on April 12, 2024, to shareholders of record as of March 28, 2024.
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Insights

The declaration of a quarterly dividend by Ralph Lauren Corporation represents a direct cash return to shareholders and is a key indicator of the company's financial health and stability. Dividends are often seen as a sign of a company's confidence in its current profitability and future prospects. The size of the dividend, $0.75 per share, should be evaluated against the company's earnings per share (EPS) to assess the payout ratio which could inform on the sustainability of the dividend.

Investors typically look at dividend yields, which is the dividend per share divided by the stock price, as a measure of the return on investment. Stable or increasing dividends over time can also be a sign of a company's commitment to returning value to shareholders and can support the stock price by providing a steady income stream.

From a market perspective, Ralph Lauren's dividend declaration can influence investor sentiment and can be reflective of the company's position within the retail industry. The apparel sector is subject to consumer demand and economic cycles and a consistent dividend may suggest that Ralph Lauren is managing these industry challenges effectively.

Comparing the dividend announcement to industry peers can provide additional context; for instance, if Ralph Lauren's dividend yield is higher than average, it could attract income-focused investors. However, it's important to consider that high dividend yields can sometimes be a red flag if they are not supported by strong fundamentals.

In the broader economic context, dividend policies can be influenced by macroeconomic factors such as interest rates and economic growth. In a low-interest-rate environment, dividends become more attractive relative to fixed-income securities, potentially increasing demand for dividend-paying stocks.

Moreover, the ability of Ralph Lauren to pay dividends may signal underlying economic strength in consumer discretionary spending. This could have positive implications for the retail sector and the economy as a whole, suggesting a level of resilience in the face of economic headwinds.

NEW YORK--(BUSINESS WIRE)-- Ralph Lauren Corporation (NYSE: RL) announced that its Board of Directors has declared a regular quarterly dividend of $0.75 per share on Ralph Lauren Corporation Common Stock. The dividend is payable on April 12, 2024 to shareholders of record at the close of business on March 28, 2024.

ABOUT RALPH LAUREN

Ralph Lauren Corporation (NYSE:RL) is a global leader in the design, marketing, and distribution of luxury lifestyle products in five categories: apparel, footwear & accessories, home, fragrances and hospitality. For more than 50 years, Ralph Lauren has sought to inspire the dream of a better life through authenticity and timeless style. Its reputation and distinctive image have been developed across a wide range of products, brands, distribution channels, and international markets. The Company’s brand names – which include Ralph Lauren, Ralph Lauren Collection, Ralph Lauren Purple Label, Polo Ralph Lauren, Double RL, Lauren Ralph Lauren, Polo Ralph Lauren Children, and Chaps, among others – constitute one of the world’s most widely recognized families of consumer brands. For more information, go to https://investor.ralphlauren.com.

Ralph Lauren

Investor Relations:

Corinna Van der Ghinst

ir@ralphlauren.com

or

Corporate Communications:

rl-press@ralphlauren.com

Source: Ralph Lauren Corporation

FAQ

What is the dividend amount declared by Ralph Lauren Corporation for its Common Stock?

Ralph Lauren Corporation has declared a regular quarterly dividend of $0.75 per share on its Common Stock.

When will the dividend be paid to shareholders?

The dividend will be paid on April 12, 2024, to shareholders of record as of March 28, 2024.

What is the ticker symbol for Ralph Lauren Corporation?

The ticker symbol for Ralph Lauren Corporation is RL.

Ralph Lauren Corporation

NYSE:RL

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12.64B
38.80M
3.52%
108.46%
4.91%
Apparel Manufacturing
Men's & Boys' Furnishgs, Work Clothg, & Allied Garments
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United States of America
NEW YORK