Gildan Activewear Inc. (TSE:GIL) Increases Dividend to $0.25 Per Share

Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) announced a quarterly dividend on Thursday, March 19th, TickerTech Dividends reports. Shareholders of record on Monday, April 13th will be paid a dividend of 0.249 per share on Monday, April 13th. This represents a c) annualized dividend and a yield of 1.2%. 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 Stock Performance

Shares of GIL opened at C$80.19 on Tuesday. The firm has a market cap of C$14.85 billion, a P/E ratio of 30.72, a PEG ratio of 4.55 and a beta of 1.39. Gildan Activewear has a twelve month low of C$52.77 and a twelve month high of C$100.44. The company has a debt-to-equity ratio of 137.08, a quick ratio of 0.87 and a current ratio of 2.11. The firm’s 50 day moving average price is C$91.27 and its two-hundred day moving average price is C$84.92.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last issued its quarterly earnings data on Thursday, February 26th. The company reported C$1.31 earnings per share (EPS) for the quarter. The company had revenue of C$1.41 billion during the quarter. Gildan Activewear had a net margin of 11.00% and a return on equity of 20.25%. On average, analysts forecast that Gildan Activewear will post 4.5460385 EPS for the current fiscal year.

Analyst Ratings Changes

GIL has been the topic of several recent research reports. TD Securities lifted their price target on Gildan Activewear from C$77.00 to C$80.00 and gave the company a “buy” rating in a research note on Friday, February 27th. Desjardins upped their price objective on Gildan Activewear from C$95.00 to C$108.00 and gave the stock a “buy” rating in a research report on Wednesday, February 25th. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of C$85.75.

Gildan Activewear Company Profile

Gildan is a leading manufacturer of everyday basic apparel. The Company’s product offering includes activewear, underwear, socks, and intimates sold to a broad range of customers, including wholesale distributors, screenprinters, embellishers, retailers or e-commerce platforms, as well as global lifestyle brand companies. Gildan markets its products in North America, Europe, Asia Pacific, and Latin America, under a diversified portfolio of Company-owned brands including Gildan®, Hanes®, Comfort Colors®, American Apparel®, ALLPRO¿, GOLDTOE®, Peds®, Bali®, Playtex®, Maidenform®, Bonds®, as well as Champion® which is under an exclusive licensing agreement for the printwear channel in the U.S.