Ralph Lauren dividend: history and cash
MyStockButler's October 2026 analysis: Ralph Lauren's current annualized dividend is $4.00 per share, up from $2.75 to $3.65 across five fiscal years. In Fiscal 2026, dividends and buybacks consumed 96.1% of free cash flow, leaving $29.4 million.
How much does Ralph Lauren pay per share over time?
Dividends rise from $4.20 per share to $5.00 in the base case. The bear holds at $4.00, while the bull reaches $5.90 from $4.40. The current annualized rate is $4.00, after dividends rose from $2.75 to $3.65 across five fiscal years. The base assumes measured increases because FY2026 dividends and buybacks consumed 96.1% of free cash flow.
| Mar 2026 | Mar 2025 | Mar 2024 | Apr 2023 | Apr 2022 | |
|---|---|---|---|---|---|
| − Paid to minority owners, per share | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| − Dividends paid, per share | 3.48 | 3.14 | 2.93 | 2.87 | 2.02 |
| − Share buybacks, per share | 8.03 | 6.63 | 5.99 | 6.58 | 6.06 |
| = FCF not paid out, per share | 0.47 | 6.15 | 4.69 |
What this means. Real free cash flow is lower than free cash flow because it subtracts the value of shares given to employees as pay.
How much would Ralph Lauren's dividend pay you?
$10,000 invested in Ralph Lauren at its 1.0% dividend yield (our report of October 22, 2026) pays $100.00 in the first year, before tax. If its dividend per share keeps changing 14.6% a year, as it did from Apr 2022 to Mar 2026, and the dividends are reinvested, year 10 pays $400.27, with $2,172.02 received in all.
Before tax. Past dividend growth is not a promise. Information only, not investment advice.
Is Ralph Lauren's dividend covered by its cash?
Shareholder payments were not covered evenly by annual free cash flow. In Fiscal 2023, shareholders received $652.6 million against $193.5 million of free cash flow. Ralph Lauren also repaid $500.0 million of debt that year, using cash released by investment sales and maturities. Fiscal 2024 and Fiscal 2025 rebuilt room after distributions. In Fiscal 2026, dividends of $216.5 million and buybacks of $500.2 million consumed 96.1% of free cash flow, leaving $29.4 million.
| Mar 2026 | Mar 2025 | Mar 2024 | Apr 2023 | Apr 2022 | |
|---|---|---|---|---|---|
| Free cash flow | 746.1 | 1,018.9 | 904.9 | 193.5 | 549.0 |
| − Dividends paid | 216.5 | 201.1 | 194.6 | 198.3 | 150.0 |
| − Share buybacks | 500.2 | 424.5 | 398.2 | 454.3 | 450.5 |
| = Free cash flow not paid out | 29.4 | 393.3 | 312.1 | ||
| Paid out, % of free cash flow | 96.1% | 61.4% | 65.5% | 337.3% | 109.4% |
What this means. The company's own net cash is higher because it leaves out finance lease liabilities, while our count includes them as debt.
What could change Ralph Lauren's dividend?
Dividends do not determine the quoted price in this calculation, but they determine the total return shown beside it. The forecast includes them because the company has raised its dividend while also committing to at least $2 billion of cumulative dividends and repurchases through Fiscal 2028.
| October 2027 | October 2028 | October 2029 | |
|---|---|---|---|
| Earnings | 1,068 (808 / 1,150) | 1,147 (774 / 1,300) | 1,224 (774 / 1,472) |
| Shares (millions) | 58.60 (59.10 / 58.10) | 57.70 (58.60 / 56.80) | 56.80 (58.20 / 55.60) |
| Dividends per share | 4.20 (4.00 / 4.40) | 4.60 (4.00 / 5.10) | 5.00 (4.00 / 5.90) |
| Price to earnings | 22.50 (24.12 / 23.75) | 22.39 (23.47 / 24.46) | 22.27 (22.56 / 24.93) |