Gildan Activewear Inc (GIL) to Issue Quarterly Dividend of $0.12 on December 11th
Gildan Activewear Inc (TSE:GIL) (NYSE:GIL) declared a quarterly dividend on Thursday, November 2nd, Zacks reports. Stockholders of record on Thursday, November 16th will be given a dividend of 0.121 per share on Monday, December 11th. This represents a $0.48 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend is Wednesday, November 15th. This is an increase from Gildan Activewear’s previous quarterly dividend of $0.09.
Gildan Activewear (TSE:GIL) opened at C$38.41 on Tuesday. Gildan Activewear has a 12-month low of C$30.97 and a 12-month high of C$42.18.
A number of equities analysts recently issued reports on the stock. BMO Capital Markets decreased their target price on shares of Gildan Activewear from C$34.00 to C$30.00 and set a “market perform” rating for the company in a research report on Friday, November 3rd. National Bank Financial decreased their target price on shares of Gildan Activewear from C$43.00 to C$40.00 and set an “outperform” rating for the company in a research report on Tuesday, August 1st. Finally, TD Securities lowered shares of Gildan Activewear from a “buy” rating to a “hold” rating and set a C$41.50 target price for the company. in a research report on Friday, August 4th. Seven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of C$39.58.
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In other Gildan Activewear news, insider Jonathan Roiter sold 14,500 shares of the company’s stock in a transaction dated Friday, August 18th. The shares were sold at an average price of C$37.53, for a total value of C$544,185.00.
About Gildan Activewear
Gildan Activewear Inc is a manufacturer and marketer of branded basic family apparel, including T-shirts, fleece, sport shirts, underwear, socks, hosiery and shapewear. The Company operates through two segments: Printwear and Branded Apparel. The Printwear segment designs, manufactures, sources, markets, and distributes undecorated activewear products.
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