Kontoor Brands Declares Quarterly Dividend

Rhea-AI Summary

Kontoor Brands, Inc. (NYSE: KTB) has announced a quarterly cash dividend of $0.40 per share, payable on September 20, 2021, to shareholders of record as of September 10, 2021. This dividend reflects the company's commitment to delivering value to its shareholders. Kontoor Brands operates global lifestyle apparel brands like Wrangler® and Lee®, focusing on high-quality products that resonate with consumers, enhancing brand growth and stakeholder value.

Positive

• Quarterly cash dividend of $0.40 per share demonstrates commitment to shareholder value.
• Strong brand portfolio with iconic brands like Wrangler and Lee supports consumer loyalty.

Negative

• None.

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 $0.40 per share of its common stock. The cash dividend will be payable on September 20, 2021, to shareholders of record at the close of business on September 10, 2021.

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/20210721005104/en/

FAQ

What is the dividend amount for KTB?

The dividend amount for Kontoor Brands (KTB) is $0.40 per share.

When will the KTB dividend be paid?

The dividend for KTB will be paid on September 20, 2021.

What is the record date for the KTB dividend?

The record date for the KTB dividend is September 10, 2021.

How often does KTB pay dividends?

Kontoor Brands (KTB) pays dividends quarterly.

Is the KTB dividend sustainable?

The sustainability of the KTB dividend will depend on the company's financial performance and cash flow.