Kontoor Brands, Inc. (NYSE:KTB) to Issue Quarterly Dividend of $0.54

Kontoor Brands, Inc. (NYSE:KTB) announced a quarterly dividend on Wednesday, October 21st. Investors of record on Tuesday, December 8th will be given a dividend of $0.54 per share on Friday, December 18th. This represents a $2.16 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Tuesday, December 8th. This is a 1.9% increase from Kontoor Brands’s previous quarterly dividend of $0.53.

Kontoor Brands has raised its dividend by an average of 0.2% per year over the last three years and has increased its dividend every year for the last 1 years. Kontoor Brands has a payout ratio of 38.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Kontoor Brands to earn $6.34 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 33.4%.

Kontoor Brands Trading Down 3.1%

KTB stock traded down $2.38 on Friday, hitting $75.40. 38,644 shares of the company were exchanged, compared to its average volume of 788,940. Kontoor Brands has a twelve month low of $56.19 and a twelve month high of $88.96. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.83 and a quick ratio of 0.99. The business’s fifty day moving average is $71.28 and its two-hundred day moving average is $74.93. The stock has a market capitalization of $4.12 billion, a price-to-earnings ratio of 15.97 and a beta of 0.87.

Kontoor Brands (NYSE:KTB) last announced its quarterly earnings results on Wednesday, August 12th. The company reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.01. Kontoor Brands had a net margin of 8.21% and a return on equity of 59.71%. The company had revenue of $584.29 million for the quarter, compared to analyst estimates of $586.95 million. During the same quarter last year, the business earned $1.33 EPS. Kontoor Brands’s revenue for the quarter was down 11.2% on a year-over-year basis. Kontoor Brands has set its FY 2026 guidance at 5.250-5.350 EPS. As a group, research analysts forecast that Kontoor Brands will post 5.27 earnings per share for the current year.

About Kontoor Brands

Kontoor Brands, Inc (NYSE: KTB) is a global lifestyle apparel company focused on denim and casualwear. Its portfolio includes the Wrangler and Lee brands, as well as Rock & Republic, offering jeans, shirts, jackets, tops, bottoms, accessories and related products for men, women and children.

The company sells its products through wholesale customers, including department stores, specialty retailers and mass merchants, as well as through company-operated stores and e-commerce channels. Kontoor serves consumers in North America and international markets, with products distributed across multiple regions worldwide.

Kontoor Brands became an independent publicly traded company in 2019 following its separation from VF Corporation.