Tapestry Dividend Announcement and Recent Developments: Key Insights Before the Ex-Dividend Date of Jun 6, 2025

Tapestry, Inc. has announced its next dividend of $0.350 per share, scheduled for a payout on Jun 23, 2025, with an ex-dividend date on Jun 6, 2025. This dividend amount is higher than the average of the last ten dividends, which stood at approximately $0.290 per share. The company's last dividend of the same amount, $0.350, was distributed on Mar 24, 2025. Both dividends are categorized as cash dividends. The official announcement date for the upcoming dividend remains unspecified.

Recently, Tapestry has made headlines with significant financial and operational updates. Over the past week, the company raised its fiscal year 2025 outlook following a 7% surge in Q3 sales. The gross profit increased to $1.210 billion, compared to $1.110 billion in the same period last year, indicating robust business performance despite challenging market conditions. This positive outlook is further supported by analysts who have provided a consensus rating of Buy for Tapestry, with 41% recommending a Strong Buy and 38% suggesting Buy.

Additionally, Tapestry's trading volume witnessed a substantial increase of 87.670%, reaching $382 million on May 29, 2025. This surge in trading activity highlights heightened investor interest and confidence in the company's market performance. Meanwhile, Tapestry's earnings have continued to cover its dividend payments comfortably, with projected earnings per share expected to grow by 71.700% in the upcoming year. This growth supports the sustainability of future dividends, with a potential payout ratio of 19% by next year.

In conclusion, Tapestry's recent performance and strategic outlook suggest a promising future for investors. With the ex-dividend date approaching on Jun 6, 2025, investors have until this date to purchase shares and be eligible for the upcoming dividend payout. Any purchase made after the ex-dividend date will not qualify for this dividend distribution.