Gildan Activewear, Inc. (GIL) to Issue Quarterly Dividend of $0.25 on April 13th

Gildan Activewear, Inc. (NYSE:GIL) (TSE:GIL) announced a quarterly dividend on Wednesday, February 25th. Investors of record on Thursday, March 19th will be given a dividend of 0.249 per share by the textile maker on Monday, April 13th. This represents a c) dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Thursday, March 19th. This is a 10.2% increase from Gildan Activewear’s previous quarterly dividend of $0.23.

Gildan Activewear has increased its dividend by an average of 0.2%per year over the last three years and has raised its dividend annually for the last 2 consecutive years. Gildan Activewear has a dividend payout ratio of 25.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Gildan Activewear to earn $3.96 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 25.0%.

Gildan Activewear Price Performance

GIL stock opened at $58.65 on Tuesday. Gildan Activewear has a 52 week low of $37.16 and a 52 week high of $73.69. The firm has a market capitalization of $10.86 billion, a P/E ratio of 22.39 and a beta of 1.05. The company has a fifty day simple moving average of $66.63 and a two-hundred day simple moving average of $61.42. The company has a quick ratio of 1.05, a current ratio of 2.11 and a debt-to-equity ratio of 1.16.

Gildan Activewear (NYSE:GIL) (TSE:GIL) last posted its earnings results on Thursday, February 26th. The textile maker reported $0.96 earnings per share for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.35). Gildan Activewear had a return on equity of 27.32% and a net margin of 11.02%.The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter last year, the firm earned $0.83 earnings per share. The business’s quarterly revenue was up 31.1% on a year-over-year basis. Gildan Activewear has set its FY 2026 guidance at 4.200-4.400 EPS. Analysts anticipate that Gildan Activewear will post 3.48 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on GIL. UBS Group restated a “buy” rating and set a $110.00 price objective (up from $80.00) on shares of Gildan Activewear in a research report on Tuesday, December 16th. Zacks Research cut Gildan Activewear from a “hold” rating to a “strong sell” rating in a report on Monday, February 23rd. Stifel Nicolaus increased their price target on Gildan Activewear from $75.00 to $80.00 and gave the company a “buy” rating in a report on Monday, February 23rd. Royal Bank Of Canada decreased their price target on Gildan Activewear from $79.00 to $78.00 and set an “outperform” rating on the stock in a report on Monday, March 2nd. Finally, BMO Capital Markets lifted their price objective on shares of Gildan Activewear from $70.00 to $78.00 and gave the stock an “outperform” rating in a research note on Monday, January 26th. Thirteen investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $80.08.

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.