HanesBrands announced that its board of directors is raising the company’s quarterly cash dividend by 36 percent, the fourth consecutive double-digit annual increase since establishing the dividend four years ago.
The board is raising the regular quarterly cash dividend to 15 cents per share, up from 11 cents per share. The dividend will be payable March 7, 2017, to stockholders of record February 14, 2017.
“Continued earnings growth has allowed us to increase our quarterly cash dividend to shareholders for the fourth consecutive year,” Hanes Chief Executive Officer Gerald W. Evans Jr. said. “The company has tripled the cash dividend and returned more than $500 million to shareholders since April 2013.”
HanesBrands’ portfolio includes Hanes, Champion, Maidenform, DIM, Bali, Playtex, Bonds, JMS/Just My Size, Nur Die/Nur Der, L’eggs, Lovable, Wonderbra, Berlei and Gear for Sports.
