Gildan Activewear, Inc. (GIL) To Go Ex-Dividend on November 25th

Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) announced a quarterly dividend on Thursday, November 5th. Shareholders of record on Wednesday, November 25th will be paid a dividend of $0.2490 per share by the textile maker on Monday, December 21st. This represents a $1.00 annualized dividend and a yield of 2.9%. The ex-dividend date is Wednesday, November 25th.

Gildan Activewear has increased its dividend by an average of 0.2% per year over the last three years and has increased its dividend annually for the last 2 consecutive years. Gildan Activewear has a dividend payout ratio of 25.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Gildan Activewear to earn $5.33 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 18.6%.

Gildan Activewear Stock Performance

GIL opened at $34.66 on Friday. The stock’s 50 day simple moving average is $43.84 and its 200-day simple moving average is $55.17. The company has a current ratio of 1.93, a quick ratio of 1.01 and a debt-to-equity ratio of 1.15. Gildan Activewear has a 1 year low of $31.33 and a 1 year high of $73.69. The stock has a market cap of $6.42 billion, a PE ratio of 30.95 and a beta of 1.15.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last announced its quarterly earnings data on Thursday, November 5th. The textile maker reported $1.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.03). Gildan Activewear had a net margin of 1.28% and a return on equity of 21.03%. Sell-side analysts forecast that Gildan Activewear will post 4.63 EPS for the current year.

About Gildan Activewear

Gildan Activewear Inc is a Montreal, Quebec-based apparel manufacturer that produces and sells everyday basic clothing for consumers and businesses. The company’s product portfolio includes activewear, T-shirts, fleece garments, underwear, socks and hosiery, as well as other apparel basics.

Gildan sells products primarily through wholesale distributors and screen printers, who supply decorated apparel to businesses, schools, teams, organizations and retailers. Its portfolio includes the Gildan, American Apparel, Comfort Colors, Gold Toe and Anvil brands.