How To Earn $500 A Month From Ralph Lauren Stock Following Upbeat Earnings
Portfolio Pulse from Lisa Levin
Ralph Lauren Corporation (NYSE:RL) reported a 3% YoY sales growth to $1.63 billion for Q2 FY24, beating the analyst consensus estimate of $1.61 billion. The company's adjusted EPS of $2.10 also surpassed the consensus estimate of $1.93. Ralph Lauren's current dividend yield is 2.58%, equating to a quarterly dividend of 75 cents a share ($3.00 a year). To earn $500 monthly from Ralph Lauren dividends, an investor would need to own approximately $232,940 worth of Ralph Lauren, or 2,000 shares.
November 09, 2023 | 1:34 pm
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Ralph Lauren's Q2 FY24 results beat estimates, which could boost investor confidence. Its current dividend yield of 2.58% may also attract income-focused investors. However, the high investment needed to earn significant dividend income could deter some investors.
Ralph Lauren's better-than-expected Q2 FY24 results could positively impact its stock price in the short term. The company's dividend yield of 2.58% may also attract investors seeking income. However, the high investment required to earn significant dividend income could deter some investors, potentially limiting the stock's upside.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100