Kontoor Brands Hikes Dividend By 15%

by Shivani Kumaresan, Benzinga Staff Writer

October 22, 2021 6:24 AM | 1 min read

Kontoor Brands Inc KTB Board of Directors has increased the quarterly dividend by 15% to $0.46 per share of its common stock. The company's previous quarterly cash dividend was $0.40.
The cash dividend will be payable on December 20, 2021, to shareholders of record at the close of business on December 10, 2021.
The company held $175.6 million in cash and equivalents as of June 30, 2021.
Price Action: KTB shares closed higher by 1.74% at $51.50 on Thursday.

Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.