Gildan Activewear to Issue Quarterly Dividend of $0.11 (GIL)

Gildan Activewear (TSE:GIL) (NYSE:GIL) announced a quarterly dividend on Wednesday, May 2nd, RTT News reports. Stockholders of record on Thursday, May 17th will be paid a dividend of 0.112 per share on Monday, June 11th. This represents a $0.45 annualized dividend and a dividend yield of 1.20%. The ex-dividend date is Wednesday, May 16th.

Shares of TSE:GIL opened at C$37.28 on Tuesday. Gildan Activewear has a 12 month low of C$35.72 and a 12 month high of C$42.18.

Gildan Activewear (TSE:GIL) (NYSE:GIL) last announced its quarterly earnings results on Wednesday, May 2nd. The company reported C$0.43 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.45 by C($0.02). The firm had revenue of C$818.27 million for the quarter, compared to analysts’ expectations of C$842.61 million. Gildan Activewear had a return on equity of 10.70% and a net margin of 8.41%.

Separately, National Bank Financial boosted their price target on Gildan Activewear from C$42.00 to C$44.00 and gave the stock a “sector perform” rating in a research note on Monday, January 22nd. Six investment analysts have rated the stock with a hold rating, The stock has a consensus rating of “Hold” and a consensus price target of C$38.10.

In related news, insider Eric Ralph Lehman sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, March 8th. The stock was sold at an average price of C$29.00, for a total value of C$580,000.00. Also, insider Benito Masi sold 12,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 6th. The shares were sold at an average price of C$37.45, for a total value of C$449,400.00.

About Gildan Activewear

Gildan Activewear Inc manufactures and sells a range of apparel products in the United States, Canada, Mexico, Europe, the Asia-Pacific, and Latin America. It operates in two segments, Printwear and Branded Apparel. The company manufactures and markets active wear products, including T-shirts, fleece tops and bottoms, and sport shirts under Gildan, Gildan Performance, Gildan Platinum, Gildan Hammer, Smart Basics, Comfort Colors, American Apparel, Anvil, Alstyle, Gold Toe, and Mossy Oak brands.

Dividend History for Gildan Activewear (TSE:GIL)

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