Tapestry declares quarterly cash dividend

Tapestry, Inc.’s board of directors has declared a quarterly cash dividend of 0.3375 dollar per common share. The company said, this dividend is payable on July 2, 2018 to shareholders of record as of the close of business on June 8, 2018.

Net sales at Tapestry for the third quarter totalled 1.32 billion dollars, an increase of 33 percent on reported and 30 percent on a constant currency basis. The company now projects earnings per diluted share in the range of 2.57 dollars-2.60 dollars, an increase of about 19 percent to 21 percent for the year, including high single digit accretion from the acquisition of Kate Spade.

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