Kontoor Brands, Inc. (KTB) To Go Ex-Dividend on December 8th

Kontoor Brands, Inc. (NYSE:KTB) announced a quarterly dividend on Wednesday, October 21st. Investors of record on Tuesday, December 8th will be paid a dividend of $0.54 per share on Friday, December 18th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Tuesday, December 8th. This is a 1.9% increase from Kontoor Brands’s previous quarterly dividend of $0.53.

Kontoor Brands has increased its dividend payment by an average of 0.2% per year over the last three years and has raised its dividend annually for the last 1 consecutive years. Kontoor Brands has a payout ratio of 38.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Kontoor Brands to earn $6.34 per share next year, which means the company should continue to be able to cover its $2.12 annual dividend with an expected future payout ratio of 33.4%.

Kontoor Brands Trading Down 3.6%

Shares of KTB stock traded down $2.77 on Friday, reaching $75.00. 55,783 shares of the stock were exchanged, compared to its average volume of 789,100. The stock has a 50 day moving average price of $71.28 and a 200 day moving average price of $74.93. The stock has a market cap of $4.10 billion, a PE ratio of 15.68 and a beta of 0.87. Kontoor Brands has a one year low of $56.19 and a one year high of $88.96. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.83 and a quick ratio of 0.99.

Kontoor Brands (NYSE:KTB) last announced its quarterly earnings results on Wednesday, August 12th. The company reported $1.06 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.01. Kontoor Brands had a net margin of 8.21% and a return on equity of 59.71%. The company had revenue of $584.29 million for the quarter, compared to analysts’ expectations of $586.95 million. During the same period last year, the firm posted $1.33 earnings per share. The business’s quarterly revenue was down 11.2% compared to the same quarter last year. Kontoor Brands has set its FY 2026 guidance at 5.250-5.350 EPS. Equities research analysts forecast that Kontoor Brands will post 5.27 EPS for the current fiscal year.

About Kontoor Brands

Kontoor Brands, Inc (NYSE: KTB) is a global lifestyle apparel company focused on denim and casualwear. Its portfolio includes the Wrangler and Lee brands, as well as Rock & Republic, offering jeans, shirts, jackets, tops, bottoms, accessories and related products for men, women and children.

The company sells its products through wholesale customers, including department stores, specialty retailers and mass merchants, as well as through company-operated stores and e-commerce channels. Kontoor serves consumers in North America and international markets, with products distributed across multiple regions worldwide.

Kontoor Brands became an independent publicly traded company in 2019 following its separation from VF Corporation.