New Dividend: 40 cents quarterly (per share)
Dividend Percent Increase: 100%Current Yield: 1.08% It pays to be fashionable. Apparel stock Ralph Lauren (RL - Get Report) doubled its quarterly dividend payout to 40 cents last Tuesday, weighing in as the biggest-percentage increase on our list today. While the move still leaves RL's yield around 1%, it's a signal that management is willing to start throwing its billion-dollar net cash position at investors this year. But let's be honest: No one is buying Ralph for its dividend payout at this point. This firm has plenty of brand cachet, a factor that it shares with a lot of the more successful apparel and accessory brands of the last several years. While the part of the market that RL targets is particularly susceptible to economic contractions, consumer spending numbers haven't showed enough holes yet to be concerned about an end to RL's earnings growth. That said, I still wouldn't recommend this stock to income-seekers. Ralph Lauren, one of SAC Capital's holdings, shows up on a list of 5 Stocks to Buy While Others Are Afraid.
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