Gildan Activewear, Inc. (NYSE:GIL) Plans $0.25 Quarterly Dividend

Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) declared a quarterly dividend on Thursday, April 30th. Stockholders of record on Wednesday, May 20th will be given a dividend of 0.249 per share by the textile maker on Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Wednesday, May 20th.

Gildan Activewear has raised its dividend by an average of 0.2%annually over the last three years and has increased its dividend every year for the last 2 years. Gildan Activewear has a dividend payout ratio of 25.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Gildan Activewear to earn $5.17 per share next year, which means the company should continue to be able to cover its $0.99 annual dividend with an expected future payout ratio of 19.1%.

Gildan Activewear Trading Up 10.3%

Shares of Gildan Activewear stock traded up $5.81 during trading hours on Thursday, reaching $62.07. The stock had a trading volume of 2,168,040 shares, compared to its average volume of 1,319,981. The firm has a 50 day simple moving average of $60.32 and a two-hundred day simple moving average of $61.50. The firm has a market capitalization of $11.49 billion, a price-to-earnings ratio of 23.69 and a beta of 1.13. The company has a current ratio of 2.11, a quick ratio of 1.05 and a debt-to-equity ratio of 1.16. Gildan Activewear has a 1 year low of $45.72 and a 1 year high of $73.69.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last released its quarterly earnings data on Thursday, April 30th. The textile maker reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.09. Gildan Activewear had a return on equity of 27.32% and a net margin of 11.02%.The company’s revenue for the quarter was up 63.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.59 EPS. Gildan Activewear has set its FY 2026 guidance at 4.200-4.400 EPS. As a group, equities research analysts anticipate that Gildan Activewear will post 4.26 earnings per share for the current year.

About Gildan Activewear

Gildan Activewear Inc (NYSE:GIL) is a vertically integrated manufacturer and wholesaler of branded basic apparel, including activewear, socks, hosiery and underwear. Headquartered in Montreal, Quebec, the company produces a wide range of products such as T-shirts, fleece garments, sport shirts, performance wear, and shapewear under its Gildan, Anvil, Comfort Colors, Gold Toe, Peds and Silks brands. Leveraging its in-house knitting, dyeing, cut-and-sew and finishing operations, Gildan supplies blank apparel to screen printers, promotional product distributors and major retailers around the world.

Since its founding in 1984 by Glenn J.