Ralph Lauren Corp. (NYSE: RL) shares are really, really ridiculously good looking Tuesday following solid fourth-quarter 2012 earnings and outlook, as well as a boosted dividend.

Sales for the polo king rose 13.7 percent from $1.38 billion in the same period last year to $1.62 billion. Operating income popped 16.4 percent while net income saw a staggering 29 percent rise to $94.4 million, or 99 cents per diluted share.

The Street was looking for revenue of $1.6 billion and EPS of 83 cents.

"We made significant progress with our international expansion efforts and we launched exciting new products during the year," commented CEO Ralph Lauren. "We are in the midst of transforming our presence in Greater China, a region that we believe will become an important driver of growth for us over the long term, and have some magnificent new stores planned for the next several years."

Comps increased 12 percent in the quarter, reflecting a 30 percent increase at RalphLauren.com, 5 percent growth at Ralph Lauren stores, a 10 percent increase at factory stores and 14 percent growth at Club Monaco stores.

Operating margins grew 10 basis points to 48.7 percent, of which Ralph Lauren chalked-up to company expansion costs.

Anticipated sales growth and new store expansion boosted inventories 20 percent at the end of the period.

Ralph Lauren doubled its quarterly dividend to 40 cents per share, for an annual yield of 1.1 percent at Monday's close.

For fiscal 2013, Ralph Lauren expects top-line growth in the mid-single-digit percentage range. Huge costs will be attributed to lessened distribution to Greater China as well as a move away from its American Living Concept.

Shares of Ralph Lauren are up 3.2 percent on the session.

Earnings