VF Corp (VFC) increases quarterly dividend 16% to $0.37/share

Board of Directors declared a quarterly dividend of $0.37/share, reflecting a 16% increase over the previous quarter's dividend.

23 Oct 2015:  V.F. Corp misses by $0.05, misses on revs; guides FY15 EPS below consensus due to F/X impacts, reaffirms FY15 rev guidance; increases quarterly dividend 16%  :

• Reports Q3 (Sep) earnings of $1.07 per share, $0.05 worse than the Capital IQ Consensus of $1.12; revenues rose 2.6% year/year to $3.61 bln vs the $3.68 bln Capital IQ Consensus. Gross margin was 48.9% on a currency neutral basis, representing a 60 basis point improvement over the same period last year.
• Co issues guidance for FY15, sees EPS of $3.18 (prior $3.22) vs. $3.24 Capital IQ Consensus Estimate; sees FY15 revs of +3% to 12.65 bln vs. $12.73 bln Capital IQ Consensus Estimate.
• EPS guidance revision due to ~$0.04/share of greater than expected negative changes in foreign currency during the third quarter.