Ralph Lauren Board Hikes Quarterly Dividend By 10% - Quick Facts

(RTTNews) - While reporting its financial results for the fourth quarter on Tuesday, Ralph Lauren Corp. (RL) said its board of directors declared a 10 percent increase in the regular quarterly cash dividend on the company's common stock.

The new quarterly cash dividend is $0.6875 per share for a total annual dividend amount of $2.75 per share. The next quarterly dividend is payable on July 12, 2019 to shareholders of record at the close of business on June 28, 2019.

Looking ahead to the first quarter of fiscal 2020, Ralph Lauren forecast net revenue to increase 3 percent to 5 percent in constant currency, benefiting from the timing of Easter. Foreign currency is expected to negatively impact revenue growth by about 190 to 200 basis points in the quarter.

For Fiscal 2020, the company expects net revenue to increase 2 percent to 3 percent on a constant currency basis. Foreign currency is expected to negatively impact revenue growth by 90 to 100 basis points in the full year.