Kontoor Brands Hikes Dividend By 15%

  • 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.
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