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.

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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.

Dividend History for Gildan Activewear (TSE:GIL)

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