Ralph Lauren Corporation (NYSE: RL) announced a quarterly dividend of **$0.9125** per share on **December 12, 2023**. Shareholders on record as of **December 26, 2023** will receive this payment on **January 9, 2024**. This decision reflects the company’s ongoing commitment to returning value to its investors, with an annualized dividend yield of **1.0%**.
The ex-dividend date set for **December 26, 2023**, means that investors must hold shares before this date to qualify for the upcoming payout. Over the past five years, Ralph Lauren has consistently increased its dividend, maintaining an average growth rate of **0.0%** annually during the last three years. The company currently boasts a payout ratio of **24.0%**, indicating that its dividend is well-covered by earnings.
Looking ahead, equity analysts predict that Ralph Lauren will earn **$13.61** per share in the next fiscal year. This projection suggests that the company is likely to sustain its **$3.65** annual dividend, with an expected future payout ratio rising to **26.8%**.
Market Performance Overview
On the trading day prior to this announcement, Ralph Lauren shares opened at **$358.87**, reflecting a **2.3%** decrease. The company has a market capitalization of **$21.76 billion** and a price-to-earnings (PE) ratio of **26.77**. With a price-to-earnings-growth ratio of **1.79**, Ralph Lauren demonstrates a balance between growth prospects and current valuation. The stock’s beta stands at **1.52**, indicating higher volatility compared to the market.
The firm’s moving averages present a mixed outlook, with a fifty-day moving average of **$343.89** and a two-hundred-day moving average of **$312.37**. Investors have witnessed a 52-week low of **$176.61** and a high of **$380.00**, illustrating the stock’s significant fluctuations over the past year.
Ralph Lauren maintains a debt-to-equity ratio of **0.57**, along with a quick ratio of **1.35** and a current ratio of **2.04**, suggesting solid financial health and liquidity.
About Ralph Lauren Corporation
Founded in **1967** by Ralph Lauren, the company is headquartered in **New York City** and has evolved from a single line of men’s neckties into a prominent global designer, marketer, and distributor of premium lifestyle products. Ralph Lauren’s extensive product range includes menswear, womenswear, childrenswear, and a variety of accessories such as footwear, leather goods, eyewear, fragrances, and home furnishings.
This latest dividend announcement reinforces Ralph Lauren’s strategy to enhance shareholder value while navigating the complexities of the retail market. As the company continues to adapt to changing consumer preferences, its commitment to dividends may serve as a stabilizing factor for investors in a fluctuating economic environment.
