Ralph Lauren Corporation (NYSE:RL) came out with fourth-quarter numbers Tuesday.
The company which boasts a status as global leader in the design, marketing, and distribution of premium lifestyle products, today reported earnings per diluted share of $0.39 on a reported basis and $1.07 on an adjusted basis, excluding restructuring-related and other charges, for the fourth quarter of Fiscal 2019.
This compared to earnings per diluted share of $0.50 on a reported basis and $0.90 on an adjusted basis, excluding restructuring-related and other charges, for the fourth quarter of Fiscal 2018.
Ralph Lauren also announced that its Board of Directors declared a 10% 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 to shareholders of record at the close of business on June 28.
Lauren himself said, "This year, we marked an incredible milestone for our business and our brands – 50 years of inspiration, passion and innovation.
"As we celebrate our rich history, we are even more inspired and motivated to continue to build the future for our company, and I am so proud of the work our teams are doing to deliver for consumers around the world every day."
Shares in RL fell by $9.18, or 7.8%, to $109.10, still comfortably within a 52-week trading range of $95.63 to $147.79.
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