Gildan Activewear, Inc. (NYSE:GIL) Shareholders to Collect $0.25 Quarterly Dividend

Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) announced a quarterly dividend on Thursday, November 5th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Wednesday, November 25th.

Gildan Activewear has increased 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 payout ratio of 25.7% meaning its dividend is sufficiently covered by earnings. Research 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 Price Performance

NYSE:GIL opened at $34.40 on Friday. Gildan Activewear has a 52 week low of $31.33 and a 52 week high of $73.69. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.01 and a current ratio of 1.93. The firm’s 50-day simple moving average is $44.21 and its 200 day simple moving average is $55.31. The firm has a market cap of $6.37 billion, a price-to-earnings ratio of 66.17 and a beta of 1.15.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last announced its earnings results 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 return on equity of 21.03% and a net margin of 1.28%. As a group, sell-side analysts predict that Gildan Activewear will post 4.63 earnings per share 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.