Kontoor Brands Declares Quarterly Dividend

Rhea-AI Summary

Kontoor Brands, Inc. (NYSE: KTB) has announced a quarterly cash dividend of $0.48 per share, payable on March 20, 2023, to shareholders of record by the close of business on March 10, 2023. This dividend reflects the company's ongoing commitment to returning value to its stakeholders while maintaining a strong financial position. As a global lifestyle apparel company, Kontoor is recognized for its iconic brands, Wrangler and Lee, and continues to focus on strategic growth and supply chain excellence to ensure sustainable value delivery.

Positive

• Declaration of a quarterly cash dividend of $0.48 per share enhances shareholder value.
• The dividend payment reflects confidence in the company's financial health and future outlook.

Negative

• None.

GREENSBORO, N.C.--(BUSINESS WIRE)-- Kontoor Brands, Inc. (NYSE: KTB), a global lifestyle apparel company, with a portfolio led by two of the world’s most iconic consumer brands, Wrangler^® and Lee^®, today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.48 per share of its common stock. The cash dividend will be payable on March 20, 2023, to shareholders of record at the close of business on March 10, 2023.

About Kontoor Brands

Kontoor Brands, Inc. (NYSE: KTB) is a global lifestyle apparel company, with a portfolio led by two of the world’s most iconic consumer brands: Wrangler® and Lee®. Kontoor designs, manufactures and distributes superior high-quality products that look good and fit right, giving people around the world the freedom and confidence to express themselves. Kontoor Brands is a purpose-led organization focused on leveraging its global platform, strategic sourcing model and best-in-class supply chain to drive brand growth and deliver long-term value for its stakeholders. For more information about Kontoor Brands, please visit www.KontoorBrands.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230222005312/en/

Investors:

Eric Tracy, (336) 332-5205

Vice President, Corporate Finance and Investor Relations

Eric.Tracy@kontoorbrands.com

or

Media:

Julia Burge, (336) 332-5122

Director, External Communications

Julia.Burge@kontoorbrands.com

Source: Kontoor Brands, Inc.

FAQ

What is the dividend amount declared by Kontoor Brands (KTB)?

Kontoor Brands has declared a quarterly cash dividend of $0.48 per share.

When will the dividend for KTB be paid?

The dividend will be paid on March 20, 2023.

What is the record date for KTB's dividend payment?

The record date for the dividend is March 10, 2023.

How often does Kontoor Brands pay dividends to shareholders?

Kontoor Brands pays dividends on a quarterly basis.

Is Kontoor Brands (KTB) dividend sustainable?

The announcement of the dividend suggests that Kontoor Brands is confident in its financial sustainability.