Kontoor Brands Declares Quarterly Dividend of $0.48 Per Share, a 4 Percent Increase
24 Outubro 2022 - 5:05PM
Business Wire
Kontoor Brands, Inc. (NYSE: KTB), a global lifestyle apparel
company, with a portfolio led by two of the world’s most iconic
consumer brands, Wrangler® and Lee®, today announced that its Board
of Directors has declared a regular quarterly cash dividend of
$0.48 per share of its common stock, an increase of $0.02 or 4
percent. The cash dividend will be payable on December 19, 2022, to
shareholders of record at the close of business on December 9,
2022.
"Given our strong cash generating model, even during challenging
macroeconomic conditions, we are announcing an increase to our
quarterly dividend. This increase reflects management and the Board
of Directors’ confidence in our resilient operating model, which
allows us to continue to invest in key strategic growth
initiatives, while also delivering superior cash returns to our
shareholders," said Scott Baxter, Board Chair, Chief Executive
Officer and President, Kontoor Brands.
About Kontoor Brands
Kontoor Brands, Inc. (NYSE: KTB) is a global lifestyle apparel
company, with a portfolio led by two of the world’s most iconic
consumer brands: Wrangler® and Lee®. Kontoor designs, manufactures
and distributes superior high-quality products that look good and
fit right, giving people around the world the freedom and
confidence to express themselves. Kontoor Brands is a purpose-led
organization focused on leveraging its global platform, strategic
sourcing model and best-in-class supply chain to drive brand growth
and deliver long-term value for its stakeholders. For more
information about Kontoor Brands, please visit
www.KontoorBrands.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20221024005849/en/
Investors: Eric Tracy, (336) 332-5205 Vice President,
Corporate Finance and Investor Relations
Eric.Tracy@kontoorbrands.com
or
Media: Julia Burge, (336) 332-5122 Director, External
Communications Julia.Burge@kontoorbrands.com
Kontoor Brands (NYSE:KTB)
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