Ralph Lauren Keeps Dividend Steady

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.


RL Dividend Chart

RL Dividend data by YCharts

The article Ralph Lauren Keeps Dividend Steady originally appeared on Fool.com.

Fool contributor Rich Duprey and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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