Kontoor Brands Boosts Quarterly Dividend By 4% From $0.48 To $0.50 Per Share
Portfolio Pulse from Benzinga Newsdesk
Kontoor Brands has announced a 4% increase in its quarterly dividend from $0.48 to $0.50 per share. The dividend will be payable on December 18, 2023, to shareholders of record at the close of business on December 8, 2023.
October 27, 2023 | 10:54 am
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POSITIVE IMPACT
Kontoor Brands' decision to increase its quarterly dividend by 4% may be seen as a positive sign by investors, potentially leading to a short-term increase in the stock price.
Dividend increases are often viewed positively by investors as they indicate a company's strong financial health and commitment to returning capital to shareholders. This could lead to increased demand for KTB's shares, potentially driving up the stock price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100