POLO RALPH LAUREN CORP
			Symbol			RL

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CORRECTING and REPLACING Polo Ralph Lauren Announces Increase of Its Quarterly Cash Dividend and Additional $225 Million Stock Repurchase Authorization

2009-11-04 19:30 ET - News Release

NEW YORK -- (Business Wire)

First graph, second sentence should read: The Company expects that over the next year the new annual dividend rate will be $0.40 per share. (sted The Company expects that over the next year the new quarterly dividend rate will be $0.40 per share.)

The corrected release reads:

POLO RALPH LAUREN ANNOUNCES INCREASE OF ITS QUARTERLY CASH DIVIDEND AND ADDITIONAL $225 MILLION STOCK REPURCHASE AUTHORIZATION

Polo Ralph Lauren Corporation (NYSE: RL) today announced its Board of Directors has declared a regular quarterly cash dividend of $0.10 per share on the Company’s Common Stock, an increase of $0.05 per share or 100% more than the Company’s previous quarterly cash dividend of $0.05 per share. The Company expects that over the next year the new annual dividend rate will be $0.40 per share. Based on the current number of shares outstanding, the new dividend rate may result in an anticipated annualized payout of approximately $40 million. The dividend is payable on January 8, 2010 to shareholders of record at the close of business on December 24, 2009.

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