Polo Ralph Lauren Corp. (RL) Raises Quarterly Dividend 11.1% to $0.50; 1.2% Yield
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Go back to Polo Ralph Lauren Corp. (RL) Raises Quarterly Dividend 11.1% to $0.50; 1.2% Yield
February 5, 2015 7:53 AM EST
Goldman Sachs downgraded Ralph Lauren (NYSE: RL) from Buy to Neutral with a price target of $156.00 (from $196.00).
Analyst Lindsay Drucker Mann said, "We downgrade RL to Neutral from Buy following a 3Q15 (Dec) EPS miss and disappointing outlook for 4Q15... More
February 4, 2015 8:05 AM EST
Polo Ralph Lauren Corp. (NYSE: RL) reported Q3 EPS of $2.41, $0.09 worse than the analyst estimate of $2.50. Revenue for the quarter came in at $2 billion versus the consensus estimate of $2.09 billion.
The Company also announced that its Board of Directors declared an 11% increase in the regular quarterly cash dividend on the Company's Common Stock. The new quarterly cash dividend is $0.50 per share. Over the next year, the new annual dividend amount will be $2.00 per share. The next quarterly dividend is payable on April 10, 2015 to shareholders of record at the close of business on March 27,... More
