Kontoor Brands, Inc. (KTB) to Issue Quarterly Dividend of $0.53 on June 18th

Kontoor Brands, Inc. (NYSE:KTB) announced a quarterly dividend on Friday, April 24th. Investors of record on Monday, June 8th will be given a dividend of 0.53 per share on Thursday, June 18th. This represents a c) dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Monday, June 8th.

Kontoor Brands 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 1 consecutive years. Kontoor Brands has a dividend payout ratio of 38.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Kontoor Brands to earn $5.79 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 36.6%.

Kontoor Brands Price Performance

KTB opened at $70.08 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.87 and a debt-to-equity ratio of 1.83. Kontoor Brands has a 12 month low of $53.55 and a 12 month high of $87.00. The company has a fifty day simple moving average of $70.73 and a 200 day simple moving average of $67.91. The stock has a market cap of $3.87 billion, a P/E ratio of 14.19 and a beta of 0.89.

Kontoor Brands (NYSE:KTB) last released its quarterly earnings data on Thursday, May 7th. The company reported $1.06 EPS for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.11). Kontoor Brands had a net margin of 8.30% and a return on equity of 60.17%. The firm had revenue of $613.32 million during the quarter, compared to the consensus estimate of $784.76 million. During the same quarter in the prior year, the company earned $1.20 EPS. Kontoor Brands’s quarterly revenue was up 45.0% on a year-over-year basis. Kontoor Brands has set its FY 2026 guidance at 6.600-6.700 EPS. On average, research analysts expect that Kontoor Brands will post 5.2 EPS for the current 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.