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Wednesday, November 04, 2009
Polo Ralph Lauren Doubles Dividend To 10 Cents
By Sue Chang
MarketWatch Pulse
SAN FRANCISCO -- Polo Ralph Lauren Corp. said late Wednesday its board raised the quarterly cash dividend to 10 cents from .5 cents a common share. The dividend will be paid on Jan. 8 to shareholders of record at the close of business on Dec. 24. The board also approved an additional $225 million stock repurchase plan on top of $206 million in existing authorization.
Copyright © 2009 MarketWatch, Inc.
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