Apparel maker Ralph Lauren announced yesterday its second-quarter dividend of $0.40 per share, the same rate it's paid for the past four quarters after doubling the payout from $0.20 per share.
The board of directors said the quarterly dividend is payable on July 12 to the holders of record at the close of business on June 28. The clothing maker has made quarterly payouts to investors since 2003.
The regular dividend payment equates to a $1.60-per-share annual dividend, yielding 0.9% based on the closing price of Ralph Lauren's stock on June 18.
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