Gildan Activewear Inc (TSE:GIL) (NYSE:GIL) declared a quarterly dividend on Thursday, November 1st, RTT News reports. Shareholders of record on Thursday, November 15th will be paid a dividend of 0.112 per share on Monday, December 10th. This represents a $0.45 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend is Wednesday, November 14th.
Shares of TSE GIL opened at C$42.24 on Friday. Gildan Activewear has a 1 year low of C$33.03 and a 1 year high of C$42.44.
Several equities research analysts have recently weighed in on the company. Desjardins lowered Gildan Activewear from a “buy” rating to a “hold” rating and raised their price objective for the stock from C$41.50 to C$44.00 in a research note on Friday, August 3rd. National Bank Financial raised their price objective on Gildan Activewear from C$42.00 to C$43.00 and gave the stock a “c$37.11” rating in a research note on Monday, July 23rd.
In other news, insider Peter Iliopoulos sold 11,000 shares of the stock in a transaction on Monday, November 5th. The stock was sold at an average price of C$41.41, for a total value of C$455,510.00. Also, Director Michael Hoffman sold 31,878 shares of the stock in a transaction on Friday, November 2nd. The shares were sold at an average price of C$41.00, for a total value of C$1,306,998.00. Over the last three months, insiders have sold 74,482 shares of company stock valued at $3,044,682.
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Gildan Activewear Company Profile
Gildan Activewear Inc manufactures and sells a range of apparel products in the United States, Canada, Mexico, Europe, the Asia-Pacific, and Latin America. It operates in two segments, Printwear and Branded Apparel. The company manufactures and markets active wear products, including T-shirts, fleece tops and bottoms, and sport shirts under Gildan, Gildan Performance, Gildan Platinum, Gildan Hammer, Smart Basics, Comfort Colors, American Apparel, Anvil, Alstyle, Gold Toe, and Mossy Oak brands.
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