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

Kontoor Brands, Inc. (NYSE:KTB) announced a quarterly dividend on Friday, July 24th. Investors of record on Tuesday, September 8th will be paid a dividend of 0.53 per share on Friday, September 18th. This represents a c) annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Tuesday, September 8th.

Kontoor Brands has raised its dividend by an average of 0.2%per year over the last three years and has raised its dividend every year for the last 1 years. Kontoor Brands has a dividend payout ratio of 38.1% indicating that its dividend is sufficiently covered by earnings. 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 0.2%

NYSE:KTB opened at $73.49 on Friday. The stock’s 50 day moving average price is $82.13 and its 200 day moving average price is $75.19. Kontoor Brands has a 52 week low of $56.19 and a 52 week high of $88.96. The company has a market capitalization of $4.02 billion, a P/E ratio of 15.34 and a beta of 0.87. The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.99 and a current ratio of 1.83.

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

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.