Gildan Activewear, Inc. (GIL) To Go Ex-Dividend on May 20th

Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) declared a quarterly dividend on Thursday, April 30th. Stockholders of record on Wednesday, May 20th will be given a dividend of 0.249 per share by the textile maker on Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Wednesday, May 20th.

Gildan Activewear has increased its dividend payment by an average of 0.2%per year over the last three years and has raised its dividend every year for the last 2 years. Gildan Activewear has a payout ratio of 25.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect Gildan Activewear to earn $5.23 per share next year, which means the company should continue to be able to cover its $0.99 annual dividend with an expected future payout ratio of 18.9%.

Gildan Activewear Stock Performance

Gildan Activewear stock opened at $56.44 on Monday. The firm’s 50 day simple moving average is $58.16 and its 200 day simple moving average is $61.40. The company has a current ratio of 2.35, a quick ratio of 1.17 and a debt-to-equity ratio of 1.32. Gildan Activewear has a 1-year low of $46.00 and a 1-year high of $73.69. The firm has a market capitalization of $10.45 billion, a PE ratio of 33.20 and a beta of 1.10.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last released its quarterly earnings results on Thursday, April 30th. The textile maker reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.07. The firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Gildan Activewear had a net margin of 6.10% and a return on equity of 21.38%. The business’s quarterly revenue was up 63.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.59 earnings per share. Gildan Activewear has set its FY 2026 guidance at 4.200-4.400 EPS. As a group, analysts expect that Gildan Activewear will post 4.25 earnings per share for the current fiscal year.

Gildan Activewear Company Profile

Gildan Activewear Inc (NYSE:GIL) is a vertically integrated manufacturer and wholesaler of branded basic apparel, including activewear, socks, hosiery and underwear. Headquartered in Montreal, Quebec, the company produces a wide range of products such as T-shirts, fleece garments, sport shirts, performance wear, and shapewear under its Gildan, Anvil, Comfort Colors, Gold Toe, Peds and Silks brands. Leveraging its in-house knitting, dyeing, cut-and-sew and finishing operations, Gildan supplies blank apparel to screen printers, promotional product distributors and major retailers around the world.

Since its founding in 1984 by Glenn J.