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

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

Kontoor Brands has raised its dividend by an average of 0.2%annually over the last three years and has increased its dividend every year for the last 1 years. Kontoor Brands has a dividend payout ratio of 38.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Kontoor Brands to earn $6.95 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 30.5%.

Kontoor Brands Stock Down 4.0%

NYSE KTB traded down $3.05 during trading hours on Friday, reaching $72.73. 448,914 shares of the company’s stock traded hands, compared to its average volume of 793,998. Kontoor Brands has a 52-week low of $53.55 and a 52-week high of $87.00. The company has a debt-to-equity ratio of 2.01, a current ratio of 1.82 and a quick ratio of 0.87. The firm has a 50-day simple moving average of $70.39 and a 200 day simple moving average of $69.89. The firm has a market cap of $4.02 billion, a PE ratio of 17.96 and a beta of 1.05.

Kontoor Brands (NYSE:KTB) last announced its quarterly earnings data on Tuesday, March 3rd. The company reported $1.73 earnings per share for the quarter, topping analysts’ consensus estimates of $1.65 by $0.08. Kontoor Brands had a net margin of 7.22% and a return on equity of 62.02%. During the same period in the previous year, the firm earned $1.38 EPS. The company’s quarterly revenue was up 45.6% compared to the same quarter last year. Kontoor Brands has set its FY 2026 guidance at 6.400-6.500 EPS. Sell-side analysts anticipate that Kontoor Brands will post 6.46 EPS for the current fiscal year.

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.