Kontoor Brands Declares Quarterly Dividend

Rhea-AI Summary

Kontoor Brands, Inc. (NYSE: KTB) has declared a regular quarterly cash dividend of $0.46 per share, payable on June 20, 2022, to shareholders of record by June 10, 2022. This dividend reflects the company's commitment to returning value to its shareholders while positioning itself for long-term growth. As a global lifestyle apparel company, Kontoor's portfolio includes iconic brands Wrangler and Lee, focusing on high-quality products and strategic brand growth.

Positive

• Quarterly cash dividend of $0.46 per share enhances shareholder value.
• Strong brand portfolio with iconic names like Wrangler and Lee supports market confidence.

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 $0.46 per share of its common stock. The cash dividend will be payable on June 20, 2022, to shareholders of record at the close of business on June 10, 2022.

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/20220420005143/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?

Kontoor Brands has declared a quarterly cash dividend of $0.46 per share.

When will the dividend be paid to shareholders?

The dividend will be payable on June 20, 2022.

What is the record date for the dividend payment?

The record date for the dividend payment is June 10, 2022.

How does the dividend reflect Kontoor's financial health?

The dividend payment indicates Kontoor Brands' commitment to returning value to shareholders and suggests financial stability.