HanesBrands, the parent of Hanes, Champion and Gear for Sports, executed its previously announced 4-for-1 stock split.
On Mar. 3, 2015, HanesBrands stockholders received three additional shares of common stock for each share of common stock they owned. The shares were distributed as a stock dividend to shareholders of record Feb. 9, 2015.
“Hanes has generated significant value for shareholders through execution of its business strategies, stock price appreciation and quarterly cash dividends,” Hanes Chairman and Chief Executive Officer Richard A. Noll said. “We have posted record results for sales, adjusted operating profit, and adjusted earnings per share the past two years and our guidance for 2015 would represent another year of record results. We are taking advantage of our powerful company-owned global supply chain, Innovate-to-Elevate product platforms and acquisitions.”
Hanes, which began paying quarterly cash dividends in June 2013, has increased its dividend rate twice and has since paid approximately $220 million in accumulative cash dividends to shareholders. On a split-adjusted basis, the company’s stock price closed at $31.99 on March 3, compared with its Sept. 6, 2006, opening on the NYSE at $4.95 per share.
HanesBrands portfolio includes Hanes, Champion, Playtex, DIM, Bali, Maidenform, Flexees, JMS/Just My Size, Wonderbra, Nür Die, Lovable and Gear for Sports.
