NEW YORK - Investors looking to capture the upcoming dividend from Gildan Activewear Inc . (TSE:NYSE:GIL) should take note of the November 21st deadline to be eligible for the December 18th payout. The apparel manufacturer's current trailing dividend yield is at 2.1%, calculated on a total annual payout of $0.74 per share and the recent share price of CA$48.58 (USD1 = CAD1.3703).
The company's financial health appears solid with a payout ratio of 28% from earnings, indicating a sustainable dividend policy. Additionally, a cash flow coverage of 53% further supports this outlook. Over the past five years, Gildan Activewear has achieved an annual earnings growth rate of 11%, and over the last decade, it has consistently increased its annual dividend by an average of 15%.
This track record reflects Gildan Activewear's disciplined strategy in balancing earnings growth and shareholder returns, which may bode well for future dividend enhancements.
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