Ralph Lauren Corporation (RL) will raise its quarterly dividend by 10.0 percent to $0.6875 per share in 2019. Last year the premium lifestyle products maker hiked its quarterly dividend from 50 cents to 62.5 cents per share.
The next quarterly dividend is payable on July 12, 2019 to shareholders of record at the close of business on June 28, 2019. A new annual rate of $2.75 per share yields 2.5% at a stock price of $112.
Ralph Lauren Corporation designs, manufactures and distributes premium lifestyle products, including apparel, accessories, home furnishings, and other licensed product categories. 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, Chaps, and Club Monaco. Founded in 1967 by Mr. Ralph Lauren, the company has paid a dividend every year since 2003.