UPDATE: Gildan Posts 84% Surge In Q4 Profit, Lifts Dividend

Gildan Activewear

reported an 84% surge in its fourth-quarter profit and lifted its quarterly dividend by 20%. Gildan's quarterly net income climbed to $89 million, or $0.73 per share, versus $48.5 million, or $0.40 per share, in the year-ago period. Its net sales surged 17% to $561.7 million. Gildan also increased its quarterly dividend to $0.09 per share. Gildan shares closed at $33.36 yesterday.