Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) announced a quarterly dividend on Thursday, November 2nd, NASDAQ reports. Stockholders of record on Thursday, November 16th will be paid a dividend of 0.094 per share by the textile maker on Monday, December 11th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend is Wednesday, November 15th.
Gildan Activewear has raised its dividend by an average of 20.1% annually over the last three years and has raised its dividend every year for the last 4 years. Gildan Activewear has a dividend payout ratio of 21.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect Gildan Activewear to earn $1.89 per share next year, which means the company should continue to be able to cover its $0.37 annual dividend with an expected future payout ratio of 19.6%.
Gildan Activewear (NYSE:GIL) (TSE:GIL) last posted its quarterly earnings data on Thursday, November 2nd. The textile maker reported $0.53 EPS for the quarter, topping the consensus estimate of $0.51 by $0.02. The company had revenue of $716.40 million during the quarter, compared to analyst estimates of $748.86 million. Gildan Activewear had a net margin of 14.21% and a return on equity of 18.73%. Gildan Activewear’s quarterly revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.50 earnings per share.
ILLEGAL ACTIVITY WARNING: “Gildan Activewear, Inc. Plans Quarterly Dividend of $0.09 (GIL)” was originally published by Community Financial News and is owned by of Community Financial News. If you are accessing this piece of content on another publication, it was stolen and republished in violation of US and international copyright and trademark laws. The correct version of this piece of content can be read at https://www.com-unik.info/2017/11/03/gildan-activewear-inc-plans-quarterly-dividend-of-0-09-gil.html.
A number of equities analysts have commented on the stock. Royal Bank Of Canada downgraded shares of Gildan Activewear from an “outperform” rating to a “sector perform” rating and set a $31.00 target price for the company. in a report on Tuesday, July 11th. Zacks Investment Research lowered Gildan Activewear from a “buy” rating to a “hold” rating in a research report on Wednesday, September 13th. Canaccord Genuity set a $32.00 target price on Gildan Activewear and gave the company a “buy” rating in a research report on Friday, July 7th. Finally, BMO Capital Markets restated a “buy” rating and issued a $34.00 price objective on shares of Gildan Activewear in a research report on Friday, October 20th. Eight analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $35.29.
Gildan Activewear Company Profile
Gildan Activewear Inc is a manufacturer and marketer of branded basic family apparel, including T-shirts, fleece, sport shirts, underwear, socks, hosiery and shapewear. The Company operates through two segments: Printwear and Branded Apparel. The Printwear segment designs, manufactures, sources, markets, and distributes undecorated activewear products.
What are top analysts saying about Gildan Activewear Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Gildan Activewear Inc. and related companies.