Gildan Activewear Inc (GIL) to Issue Quarterly Dividend of $0.12
Gildan Activewear Inc (TSE:GIL) (NYSE:GIL) declared a quarterly dividend on Thursday, November 2nd, Zacks reports. Stockholders of record on Thursday, November 16th will be paid a dividend of 0.121 per share on Monday, December 11th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date of this dividend is Wednesday, November 15th. This is a boost from Gildan Activewear’s previous quarterly dividend of $0.09.
In other news, insider Jonathan Roiter sold 14,500 shares of the stock in a transaction dated Friday, August 18th. The shares were sold at an average price of C$37.53, for a total transaction of C$544,185.00. Also, Director Glenn J. Chamandy sold 136,700 shares of the stock in a transaction dated Monday, August 14th. The stock was sold at an average price of C$38.78, for a total transaction of C$5,301,226.00. In the last quarter, insiders have sold 227,300 shares of company stock valued at $8,567,256.
A number of analysts recently commented on GIL shares. National Bank Financial cut shares of Gildan Activewear from an “outperform” rating to a “sector perform” rating and upped their price objective for the company from C$40.00 to C$41.00 in a research report on Friday, August 4th. Canaccord Genuity cut shares of Gildan Activewear from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. Royal Bank Of Canada cut shares of Gildan Activewear from an “outperform” rating to a “sector perform” rating and set a C$40.00 price objective for the company. in a research report on Wednesday, July 12th. BMO Capital Markets restated an “outperform” rating and issued a C$34.00 price objective on shares of Gildan Activewear in a research report on Friday, August 4th. Finally, TD Securities cut shares of Gildan Activewear from a “buy” rating to a “hold” rating and set a C$41.50 price objective for the company. in a research report on Friday, August 4th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of C$40.08.
COPYRIGHT VIOLATION NOTICE: This news story was originally reported by American Banking News and is the sole property of of American Banking News. If you are accessing this news story on another domain, it was stolen and republished in violation of US and international trademark & copyright law. The original version of this news story can be accessed at https://www.americanbankingnews.com/2017/11/03/gildan-activewear-inc-gil-to-issue-quarterly-dividend-of-0-12.html.
Gildan Activewear Company Profile
Gildan Activewear Inc is a manufacturer and marketer of branded basic family apparel, including T-shirts, fleece, sport shirts, underwear, socks, hosiery and shapewear. The Company operates through two segments: Printwear and Branded Apparel. The Printwear segment designs, manufactures, sources, markets, and distributes undecorated activewear products.
Receive News & Ratings for Gildan Activewear Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gildan Activewear Inc and related companies with MarketBeat.com's FREE daily email newsletter.