Kontoor Brands, Inc. (KTB) to Issue Quarterly Dividend of $0.53 on March 20th

Kontoor Brands, Inc. (NYSE:KTB) announced a quarterly dividend on Friday, February 13th. Investors of record on Tuesday, March 10th will be given a dividend of 0.53 per share on Friday, March 20th. This represents a c) dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Tuesday, March 10th.

Kontoor Brands has raised its dividend by an average of 0.1%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% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Kontoor Brands to earn $5.28 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 40.2%.

Kontoor Brands Price Performance

Shares of NYSE KTB opened at $67.41 on Friday. Kontoor Brands has a 52 week low of $50.00 and a 52 week high of $91.85. The business’s 50 day moving average price is $62.75 and its 200 day moving average price is $71.27. The company has a quick ratio of 0.82, a current ratio of 1.91 and a debt-to-equity ratio of 2.53. The firm has a market cap of $3.75 billion, a P/E ratio of 17.37 and a beta of 1.19.

Kontoor Brands Company Profile

Kontoor Brands, Inc is a global apparel company best known for its Wrangler and Lee denim and lifestyle brands. Established as an independent, publicly traded company in May 2019 following a spin-off from VF Corporation, Kontoor leverages a legacy that dates back to 1889 with the founding of Lee and to 1947 with the introduction of the Wrangler brand. The company focuses on designing, manufacturing and distributing premium, casual and workwear apparel, including jeans, pants, shorts, shirts, jackets and complementary accessories.

Kontoor Brands operates a diversified sales model that combines wholesale partnerships with leading retailers, distribution through e-commerce channels and select direct-to-consumer formats.