Kontoor Brands Declares Quarterly Dividend of $0.52 Per Share, a 4 Percent Increase

GREENSBORO, N.C.--(BUSINESS WIRE)--October 25, 2024-- 

Kontoor Brands, Inc. $(KTB)$, a global lifestyle apparel company, with a portfolio led by two of the world's most iconic consumer brands, Wrangler$(R)$ and Lee(R) , today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.52 per share of its common stock, an increase of $0.02 or 4 percent. The cash dividend will be payable on December 19, 2024, to shareholders of record at the close of business on December 9, 2024.

"As we maintain an unwavering focus on Total Shareholder Return, we are pleased to announce an increase to our quarterly dividend. This increase reflects managements' and the Board of Directors' confidence in our formula for future success, which allows us to invest in our diversified growth strategy, while also delivering superior cash returns to our shareholders," said Scott Baxter, Board Chair, Chief Executive Officer and President, Kontoor Brands.

About Kontoor Brands

Kontoor Brands, Inc. (NYSE: KTB) is a global lifestyle apparel company, with a portfolio led by two of the world's most iconic consumer brands: Wrangler(R) and Lee(R) . Kontoor designs, manufactures, distributes, and licenses superior high-quality products that look good and fit right, giving people around the world the freedom and confidence to express themselves. Kontoor Brands is a purpose-led organization focused on leveraging its global platform, strategic sourcing model and best-in-class supply chain to drive brand growth and deliver long-term value for its stakeholders. For more information about Kontoor Brands, please visit www.KontoorBrands.com.

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    CONTACT:    Investors: 

Michael Karapetian, (336) 332-4263

Vice President, Corporate Development, Strategy, and Investor Relations

Michael.Karapetian@kontoorbrands.com

or

Media:

Julia Burge, (336) 332-5122

Director, External Communications

Julia.Burge@kontoorbrands.com

(END) Dow Jones Newswires

October 25, 2024 06:50 ET (10:50 GMT)