Kontoor Brands, Inc. (NYSE:KTB) Plans $0.53 Quarterly Dividend

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

Kontoor Brands has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 1 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 KTB stock traded up $0.17 during mid-day trading on Friday, reaching $67.41. The stock had a trading volume of 726,088 shares, compared to its average volume of 750,066. The company has a market cap of $3.75 billion, a P/E ratio of 17.37 and a beta of 1.19. The company has a current ratio of 1.91, a quick ratio of 0.82 and a debt-to-equity ratio of 2.53. Kontoor Brands has a 12-month low of $50.00 and a 12-month high of $91.85. The business has a 50-day simple moving average of $62.93 and a 200 day simple moving average of $71.16.

About Kontoor Brands

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.