Coach Dividend Offers 3.6% Yield

Coach, Inc. COH revealed Wednesday that its Board declared a quarterly cash dividend of $0.3375 per common share. This would work out to $1.35 a share for the full year. Also, the current dividend provided a yield of 3.6 percent, which was better than its five-year average yield of 2.8 percent.

Coach said the dividend would be payable on July 5 to all its shareholders. The company also fixed the record of June 3 for the purpose of determining the shareholders' name.

Currently, the company paid 96.0 percent of its profit as dividend to its shareholders, which was sharply higher than the five-year average dividend payout ratio of 55.0 percent. While the five-year dividend growth rate was 19.17 percent, the three-year dividend growth rate was only 4.17 percent.

The stock traded 0.63 percent lower on Wednesday.