Ralph Lauren Corporation (NYSE: RL) has declared a quarterly dividend of $0.9125 per share, scheduled for payment on January 9, 2024. This announcement was made on December 12, 2023, and shareholders of record as of December 26, 2023 will be eligible for this dividend. The dividend represents an annualized rate with a yield of approximately 1.0%.
The ex-dividend date, which is crucial for investors looking to receive the dividend, has been set for December 26, 2023. Over the last three years, Ralph Lauren has maintained its dividend with an average annual increase of 0.0%, while also achieving a consistent record of dividend payments for the past five consecutive years.
Ralph Lauren’s current payout ratio stands at 24.0%, indicating that the company’s dividend payments are well-supported by its earnings. Analysts forecast that the company will earn approximately $13.61 per share in the upcoming year, suggesting that the annual dividend of $3.65 will remain sustainable, with an expected future payout ratio of 26.8%.
Market Performance and Financial Overview
On December 12, 2023, shares of Ralph Lauren opened at $358.87. The company boasts a market capitalization of $21.76 billion, a price-to-earnings (PE) ratio of 26.77, and a price-to-earnings-growth (PEG) ratio of 1.79. The stock’s beta is recorded at 1.52, indicating its volatility compared to the broader market.
Investors may note that Ralph Lauren’s fifty-day moving average currently stands at $343.89, while the two-hundred-day moving average is $312.37. The company has experienced a 52-week low of $176.61 and a high of $380.00. Financial metrics reveal a debt-to-equity ratio of 0.57, a quick ratio of 1.35, and a current ratio of 2.04.
Ralph Lauren Corporation, founded in 1967 and headquartered in New York City, is recognized globally as a designer, marketer, and distributor of premium lifestyle products under its eponymous brand and various related labels. The company’s product range has expanded significantly from its origins in men’s neckties to encompass a diverse array of apparel, accessories, and home goods.
As a leader in the premium lifestyle segment, Ralph Lauren continues to innovate and adapt, ensuring that it meets the evolving needs of its customer base while maintaining a strong commitment to shareholder returns.
