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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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.
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