Ralph Lauren hikes dividend by 9.1%

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On May 24, 2022 Ralph Lauren Corporation (RL) has declared a new quarterly dividend of $0.75 per share for a total annual dividend amount of $3.00 per share. The next RL quarterly dividend is payable on July 15, 2022 to shareholders of record at the close of business on July 1, 2022. The new dividend yield for Ralph Lauren stock is 3% at a stock price of $101. Last year the company reinstated its quarterly dividend that was suspended in 2020 during the covid-19 pandemic.

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 had paid a dividend every year since 2003 before the suspension was announced in 2020. Ralph Lauren reinstated its dividend in 2021.

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