HanesBrands (HBI) Declares $0.11 Quarterly Dividend; Approves 40M Share Stock Buyback

HanesBrands (NYSE: HBI) declared a quarterly dividend of $0.11 per share, or $0.44 annualized.

The dividend will be payable on June 7, 2016, to stockholders of record on May 17, 2016, with an ex-dividend date of May 13, 2016.

The annual yield on the dividend is 1.6 percent.

The new repurchase plan authorizes the company to buy up to 40 million shares, valued at more than $1 billion at today’s share price, without expiration. The new plan replaces the company’s previous share-repurchase authorization for 40 million shares that was originally approved in 2007. The company repurchased nearly 38 million shares under that authorization.

The repurchase authorization enables the company to purchase its ordinary shares from time to time through open market purchases, negotiated transactions or other means, including 10b5-1 trading plans in accordance with applicable securities laws or other restrictions. No time period has been set for the repurchase program, and any such program may be suspended or discontinued at any time.

For a dividend history and other dividend-related data on HanesBrands (HBI) click here.

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