By Colin Kellaher
Kontoor Brands’ board has increased the apparel maker’s quarterly dividend by 4.2%, to 50 cents from 48 cents.
The new payout, equal to $2.00 a year, represents an annual yield of about 4.24% based on Thursday’s closing price of $47.20, up from 4.07%.
The Greensboro, N.C., company on Friday said the increased dividend is payable Dec. 18 to shareholders of record Dec. 8.
Write to Colin Kellaher at [email protected]
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