Gildan Activewear (GIL) Raises Quarterly Dividend 20.9% to $0.13; to Buyback Up to 6.1M Shares

In addition to earnings today, Gildan Activewear (NYSE: GIL) declared a quarterly dividend of $0.13 per share, or $0.52 annualized. This is a 20.9% increase from the prior dividend of $0.1075. The dividend will be payable on January 12, 2015, to stockholders of record on December 18, 2015, with an ex-dividend date of December 16, 2015. The annual yield on the dividend is 0.9 percent.

The Company's Board of Directors has also approved the initiation of a normal course issuer bid. The Company has received approval from the Toronto Stock Exchange (TSX) to implement a normal course issuer bid to purchase for cancellation up to 6.1 million common shares, representing approximately 5% of the Company's issued and outstanding common shares. As of November 30, 2014 the Company had 122,478,794 common shares issued and outstanding.

For a dividend history and other dividend-related data on Gildan Activewear (GIL) click here.

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