Gildan Activewear, Inc. (GIL) to Issue Quarterly Dividend of $0.25 on April 13th

Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) declared a quarterly dividend on Wednesday, February 25th. Shareholders of record on Thursday, March 19th will be paid a dividend of 0.249 per share by the textile maker on Monday, April 13th. This represents a c) dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Thursday, March 19th. This is a 10.2% increase from Gildan Activewear’s previous quarterly dividend of $0.23.

Gildan Activewear has decreased its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 2 consecutive years. Gildan Activewear has a dividend payout ratio of 23.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Gildan Activewear to earn $3.96 per share next year, which means the company should continue to be able to cover its $0.90 annual dividend with an expected future payout ratio of 22.7%.

Gildan Activewear Price Performance

Shares of NYSE GIL opened at $69.04 on Friday. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.01 and a quick ratio of 0.88. Gildan Activewear has a 1-year low of $37.16 and a 1-year high of $73.69. The company has a market capitalization of $12.78 billion, a price-to-earnings ratio of 22.06 and a beta of 1.08. The business has a 50-day moving average of $66.57 and a 200-day moving average of $60.61.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last announced its earnings results on Thursday, February 26th. The textile maker reported $0.96 EPS for the quarter, beating the consensus estimate of $0.94 by $0.02. The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.01 billion. Gildan Activewear had a return on equity of 35.53% and a net margin of 14.13%.The company’s revenue was up 31.1% on a year-over-year basis. During the same period last year, the business posted $0.83 EPS. Gildan Activewear has set its FY 2026 guidance at 4.200-4.400 EPS. On average, equities analysts anticipate that Gildan Activewear will post 3.48 EPS for the current fiscal year.

About Gildan Activewear

Gildan Activewear Inc (NYSE:GIL) is a vertically integrated manufacturer and wholesaler of branded basic apparel, including activewear, socks, hosiery and underwear. Headquartered in Montreal, Quebec, the company produces a wide range of products such as T-shirts, fleece garments, sport shirts, performance wear, and shapewear under its Gildan, Anvil, Comfort Colors, Gold Toe, Peds and Silks brands. Leveraging its in-house knitting, dyeing, cut-and-sew and finishing operations, Gildan supplies blank apparel to screen printers, promotional product distributors and major retailers around the world.

Since its founding in 1984 by Glenn J.