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 June 20, 2023. Shareholders on record as of June 9, 2023 will receive this dividend. Kontoor Brands is recognized for its leading lifestyle apparel brands, Wrangler^® and Lee^®, and aims to drive growth and deliver long-term value through its strategic sourcing model and supply chain.

Positive

• Declared quarterly cash dividend of $0.48 per share, enhancing shareholder income.
• Focused on long-term growth and value delivery for stakeholders.

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 June 20, 2023, to shareholders of record at the close of business on June 9, 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/20230421005052/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 for KTB?

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

When will KTB's dividend be paid?

The dividend will be payable on June 20, 2023.

What is the record date for KTB's dividend?

The record date for the dividend is June 9, 2023.

How often does KTB pay dividends?

Kontoor Brands typically pays dividends on a quarterly basis.