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True Religion Apparel is Among the Companies in the Apparel, Accessories & Luxury Industry With the Highest Dividend Yield (TRLG, CHKE, COH)

Published on Mon, 02/25/2013 - 11:21
By Mallory Stone

Below are the three companies in the Apparel, Accessories & Luxury industry with the highest dividend yields. Dividends can enhance returns for investors seeking income in addition to capital gains.

True Religion Apparel (NASDAQ:TRLG) is highest with a dividend yield of 3.0%. True Religion Apparel, Inc. designs, manufactures, markets, distributes, and sells through its wholly-owned subsidiary Guru Denim, Inc under the True Religion Brand Jeans trademarks. The Company sells its jeans in the United States and abroad to upscale retailers and boutiques. This includes Nordstrom, Bloomingdales, Bergdorf Goodman, Urban Outfitters and other fashion boutiques.

There is potential upside of 17.1% for shares of True Religion Apparel based on a current price of $26.65 and an average consensus analyst price target of $31.20. The stock should discover initial support at its 200-day moving average (MA) of $25.48 and subsequent support at its 50-day MA of $25.29.

Cherokee (NASDAQ:CHKE) is next with a dividend yield of 2.9%.

Finishing up the top three is Coach (NYSE:COH), with a dividend yield of 2.5%.

By Mallory Stone
mstone@fnno.com