Kontoor Brands dividend calculator – Kontoor Brands Increases Quarterly Dividend by 4 Percent to $0.50 Per Share

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Kontoor Brands ($NYSE:KTB), a global lifestyle apparel company, has announced an increase of four percent in their quarterly dividend, setting it at a rate of $0.50 per share. This marks the fourth consecutive year of dividend increases for Kontoor Brands, demonstrating their commitment to providing returns to stockholders. Kontoor Brands is the parent company of iconic brands such as Wrangler, Lee, and Rock & Republic Jeans, making it a leader in the global apparel industry. The company has been rapidly expanding its reach and capabilities, recently opening its first office in New York City.

With the increased dividend, Kontoor Brands is signaling to investors that it is not only committed to its brands and customers, but also to its stockholders. Kontoor Brands is dedicated to delivering value to its stockholders through dividend increases and share repurchases. With its strong portfolio of iconic brands and growing global presence, Kontoor Brands is poised to continue to be a leader in the apparel industry.

Dividends – Kontoor Brands dividend calculator

Over the last three years, the company has issued annual dividends per share of $1.9, $1.86, and $1.66 USD. The dividend yields from 2021 to 2023 are estimated to be 4.67%, 4.59%, and 3.08%, with an average dividend yield of 4.11%.

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Kontoor Brands. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Kontoor Brands. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Kontoor Brands. More…

Key Ratios Snapshot

Some of the financial key ratios for Kontoor Brands are shown below. More…

Market Price

The stock opened at $48.0 and closed at $46.7, down by 1.1% from the previous closing price of 47.2. KONTOOR BRANDS has a strong commitment to delivering value to its shareholders through strategic capital deployment. The dividend increase to $0.50 per share is a testament to the company’s commitment to fiscal responsibility and shareholder returns. It is expected that this dividend increase will be well received by investors as it will provide additional income for them. The company’s finances are also strong, with strong cash flows and healthy cash balances, allowing for further measures such as the quarterly dividend increase.

As a result of this increase, KONTOOR BRANDS is expected to maintain a good financial position in the foreseeable future. Overall, the increase in the quarterly dividend to $0.50 per share is a positive sign for KONTOOR BRANDS and its shareholders, demonstrating the company’s commitment to return capital back to shareholders. This is also likely to further strengthen investor confidence in the company, along with providing additional income for them. Live Quote…

Analysis

GoodWhale has conducted a fundamental analysis of KONTOOR BRANDS to assess its financial health. According to our Star Chart, KONTOOR BRANDS has an impressive health score of 8/10, indicating that it is in good financial standing and capable of sustaining its operations in times of crisis. Further analysis reveals that KONTOOR BRANDS has strong dividend and profitability metrics, but weak growth. We have classified KONTOOR BRANDS as a ‘rhino’: a type of company that has achieved moderate revenue or earnings growth. Given the above analysis, we believe that investors looking for a long-term, dependable investment may be interested in KONTOOR BRANDS. The company’s strong cashflows and low debt make it a reliable option for those looking for a low-risk but high-potential investment. Additionally, its strong dividend and profitability metrics further add to its appeal for those looking for stable returns over a period of time. More…

Peers

Its competitors include Tristate Holdings Ltd, Kitex Garments Ltd, and Weyco Group Inc. All three companies are engaged in the design, manufacture, and marketing of apparel.

– Tristate Holdings Ltd ($SEHK:00458)

Tristate Holdings Ltd is a holding company that is engaged in a wide range of businesses in the Bahamas. The company’s businesses include investment holding, property development and management, food and beverage, retail, and others. The company has a market cap of 146.67M as of 2022 and a Return on Equity of 10.38%. Tristate Holdings Ltd is a diversified company with a wide range of businesses that provides investors with exposure to different industries and sectors. The company’s strong ROE indicates that it is a well-managed company that is generateing good returns for shareholders.

– Kitex Garments Ltd ($BSE:521248)

Kitex Garments Ltd is one of the leading garment manufacturers in India with a market cap of 13.72B as of 2022. The company has a Return on Equity of 15.26%. Kitex Garments Ltd is engaged in the business of manufacturing and exporting of readymade garments for infants, children and adults. The company has a wide range of products that include innerwear, outerwear, sleepwear and other garments.

– Weyco Group Inc ($NASDAQ:WEYS)

Weyco Group Inc is a publicly traded company with a market cap of 235.36M as of 2022. The company has a Return on Equity of 9.87%. Weyco Group Inc is engaged in the design, manufacture and marketing of footwear for men, women and children under the brands of Nunn Bush, Stacy Adams, BOGS, Florsheim, Umi, and Bates.

Summary

Kontoor Brands, a global lifestyle apparel company, recently announced its quarterly dividend of $0.50 per share, a 4 percent increase from the previous quarter. Investing in Kontoor Brands can be a wise decision for investors because of the steady increase in dividends and promising future, as evidenced by the company’s sales growth and strong balance sheet. The company’s brands are well-known in the U.S., Europe, and Asia, providing investors with exposure to a vast global market.

Moreover, Kontoor Brands has been consistently expanding its portfolio, introducing new products and growing through strategic acquisitions. Its long-term growth strategy should continue to boost the stock price and make dividends even more attractive.