Kontoor Brands, Inc. announced that its Board of Directors declared a regular quarterly cash dividend of $0.52 per share of its common stock. This represents an increase of $0.02, or 4%, compared to the second quarter of 2024. The dividend is payable on December 19, 2024, to shareholders of record at the close of business on December 9, 2024.
Scott Baxter, Board Chair, Chief Executive Officer, and President of Kontoor Brands, stated that the increase reflects management's and the Board's confidence in the company's future success. This strategy allows for investment in diversified growth while delivering cash returns to shareholders.
This dividend increase is consistent with Kontoor Brands' commitment to total shareholder return. The company aims to maintain a balance between funding strategic growth initiatives and providing consistent returns to its investors.
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