NEW YORK (Standard&Poor's) May 15, 2006--Standard&Poor's Ratings Services said today that its ratings and outlook on VF Corp. (A-/Stable/A-2) are not affected by the company's announcement that it will increase its dividend by 90%, to $2.20 per share from $1.16 per share. Although this is a significant increase, Standard&Poor's expects that the company will continue to use its strong cash flow to meet dividend payments, capital expenditures, and acquisitions. We also believe that VF Corp. will continue to maintain credit measures appropriate for the rating category.