Coach (NYSE:TPR) has left another shareholder payout in its bag. The company declared its latest quarterly common stock dividend, which is to be $0.3375 per share paid on September 30 to shareholders of record as of September 9. That amount matches the firm's previous distribution, which was paid in early July. Before that, Coach handed out $0.30 per share.
Since initiating dividend payments in June 2009, the firm has paid a distribution consistently and raised the amount after every four quarters. Over that time, the payout has climbed from $0.075 to the present level.
The just-declared dividend annualizes to $1.35 per share. That yields 2.6% at Coach's current stock price of $52.65.