GREENSBORO, N.C.Kontoor Brands, Inc.(NYSE: KTB), a global lifestyle apparel company known for its iconic brands Wrangler and Lee, has announced a regular quarterly cash dividend of $0.50 per share of its common stock.The dividend will be payable on September 20, 2024, to shareholders of record as of September 10, 2024.
This news comes after a period of fluctuation in Kontoor Brands Inc’s stock performance.In the last 30 days, the company’s shares dropped by -5.68%, but have seen a recovery of 1.82% in the third quarter of 2024.Currently, Kontoor Brands Inc shares are trading on the NYSE at 18% above their 52-week average.
The declaration of the quarterly dividend demonstrates Kontoor Brands Inc’s commitment to providing value to its shareholders.Despite recent challenges in the market, the company’s ongoing dividends indicate stability and confidence in its long-term growth prospects.Investors can look forward to receiving their dividends in September, marking another positive development for Kontoor Brands Inc.
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