Kontoor Brands Raises Quarterly Dividend 2% to $0.54 a Share

Kontoor Brands raised its quarterly cash dividend to $0.54 per share from $0.53, a 1-cent increase and a 2% rise. The board declared the dividend Oct. 22.

The payment is scheduled for Dec. 18. Shareholders must be of record at the close of business Dec. 8 to receive it.

The previous quarterly dividend was $0.53 per share, payable Sept. 18 to shareholders of record at the close of business Sept. 8. Kontoor Brands’ portfolio includes Wrangler, Lee and Helly Hansen.