Coach Inc, declares cash dividend as stock are dropping

On May 15 Coach, Inc’s Board of Directors declared a quarterly cash dividend of $0.3375 per common share. The dividend is payable on June 29, 2015 to shareholders of record as of the close of business on June 5, 2015.

Coach, Inc. (COH), is currently valued at $10.35B. Stocks are down over 3 points since the payout announcement.

The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $976.70 Million. If those projections are correct, that could result in a 14.32% decrease over the prices during this quarter last year.

Coach, established in New York City in 1941, is a leading design house of modern luxury accessories and lifestyle collections with a rich heritage of pairing exceptional leathers and materials with innovative design.

Remember, even though the value is dropping, don’t sell those stocks until after the June 5 shareholder recording!