Coach (COH) Tops Q3 EPS by 1c; Initiates $0.30/Sh Annual Dividend
Coach (NYSE: COH) reports Q3 earnings of $0.38 per share, ex-items, 1 cent better than estimates. Revenues came in at $739.9 million, versus the consensus of $711.4 million.
The company also announced that its Board of Directors has voted to initiate a cash dividend, at an annual rate of $0.30 per share. The first quarterly payment, of $0.075 per share, will be paid on June 29, 2009 to stockholders of record as of June 8, 2009.
Coach, Inc. engages in the design and marketing of accessories and gifts for men and women in the United States and internationally.
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UPDATE: Click here to see some highlights from the company's Q3 conference call.
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