Gildan Activewear Inc. Plans Quarterly Dividend of $0.19 (TSE:GIL)

Gildan Activewear Inc. (TSE:GIL) (NYSE:GIL) announced a quarterly dividend on Tuesday, November 21st, TickerTech reports. Stockholders of record on Monday, December 18th will be paid a dividend of 0.186 per share on Monday, December 18th. This represents a $0.74 annualized dividend and a dividend yield of 1.52%. The ex-dividend date is Tuesday, November 21st.

Gildan Activewear Stock Up 0.9 %

Shares of TSE:GIL opened at C$48.97 on Friday. The company has a quick ratio of 0.87, a current ratio of 2.50 and a debt-to-equity ratio of 56.79. The firm has a market cap of C$8.43 billion, a P/E ratio of 13.64, a P/E/G ratio of 1.73 and a beta of 1.53. Gildan Activewear has a 12 month low of C$35.76 and a 12 month high of C$49.06. The company’s 50-day moving average price is C$40.57 and its two-hundred day moving average price is C$40.55.

Insider Transactions at Gildan Activewear

In related news, Senior Officer Michael Schroeder sold 9,558 shares of Gildan Activewear stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of C$33.57, for a total transaction of C$320,862.06. In other Gildan Activewear news, Senior Officer Benito Masi sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of C$33.08, for a total value of C$661,600.00. Also, Senior Officer Michael Schroeder sold 9,558 shares of Gildan Activewear stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of C$33.57, for a total transaction of C$320,862.06. 2.19% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

GIL has been the topic of several research analyst reports. Royal Bank of Canada increased their price target on shares of Gildan Activewear from C$36.00 to C$39.00 and gave the company an “outperform” rating in a research note on Friday, November 3rd. National Bankshares lifted their target price on Gildan Activewear from C$48.00 to C$52.00 and gave the company an “outperform” rating in a research note on Friday, November 3rd. National Bank Financial cut their price target on Gildan Activewear from C$48.00 to C$46.00 in a research note on Friday, August 4th. Desjardins set a C$48.00 price objective on Gildan Activewear and gave the stock a “buy” rating in a research report on Monday, October 30th. Finally, Stifel Nicolaus cut their target price on shares of Gildan Activewear from C$38.00 to C$35.00 and set a “buy” rating on the stock in a research report on Friday, August 4th.

About Gildan Activewear

Gildan Activewear Inc manufactures and sells various apparel products in the United States, North America, Europe, Asia-Pacific, and Latin America. It provides various activewear products, including T-shirts, fleece tops and bottoms, and sports shirts under the Gildan, Gildan Performance, Gildan Hammer, Comfort Colors, American Apparel, Alstyle, and GoldToe brands.