Gildan Activewear Inc. (TSE:GIL) Increases Dividend to $0.23 Per Share

Gildan Activewear Inc. (TSE:GIL - Get Free Report) NYSE: GIL announced a quarterly dividend on Wednesday, March 12th, TickerTech Dividends reports. Shareholders of record on Monday, April 7th will be paid a dividend of 0.226 per share on Monday, April 7th. This represents a $0.90 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend is Wednesday, March 12th. This is a 10.2% increase from Gildan Activewear's previous quarterly dividend of $0.21.Get Gildan Activewear alerts:Gildan Activewear Price PerformanceShares of Gildan Activewear stock opened at C$71.17 on Monday. The firm has a market cap of C$7.73 billion, a PE ratio of 19.08, a price-to-earnings-growth ratio of 4.55 and a beta of 1.64. Gildan Activewear has a 12-month low of C$44.23 and a 12-month high of C$79.11. The company has a quick ratio of 0.87, a current ratio of 2.31 and a debt-to-equity ratio of 101.26. The company's fifty day simple moving average is C$72.70 and its two-hundred day simple moving average is C$67.87. Gildan Activewear (TSE:GIL - Get Free Report) NYSE: GIL last announced its quarterly earnings results on Wednesday, February 19th. The company reported C$0.83 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of C$0.82 by C$0.01. Gildan Activewear had a net margin of 13.05% and a return on equity of 23.10%. During the same period last year, the firm posted $0.75 EPS. As a group, equities analysts expect that Gildan Activewear will post 4.5460385 EPS for the current year. Analyst Ratings ChangesA number of research analysts recently issued reports on GIL shares. National Bankshares lifted their price target on shares of Gildan Activewear from C$78.00 to C$83.00 and gave the company an "outperform" rating in a research report on Thursday, February 20th. Desjardins lifted their target price on shares of Gildan Activewear from C$82.00 to C$87.00 and gave the stock a "buy" rating in a report on Thursday, February 20th. Finally, UBS Group raised shares of Gildan Activewear from a "hold" rating to a "strong-buy" rating in a report on Friday, January 10th. Four investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of C$68.50.Read Our Latest Analysis on Gildan ActivewearInsider Activity at Gildan ActivewearIn other Gildan Activewear news, Senior Officer Benito Masi sold 10,000 shares of the company's stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of C$69.31, for a total value of C$693,102.00. Also, Senior Officer Michael Schroeder sold 4,299 shares of the company's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of C$78.02, for a total transaction of C$335,428.68. Over the last ninety days, insiders sold 118,483 shares of company stock worth $9,147,454. 2.26% of the stock is owned by company insiders. About Gildan Activewear (Get Free Report)Gildan is a vertically integrated designer and manufacturer of basic apparel, including T-shirts, underwear, socks, and hosiery. Its primary market is the sale of blank T-shirts to wholesalers and printers (printwear). Gildan also sells branded clothing through retail and direct-to-consumer channels.See AlsoFive stocks we like better than Gildan ActivewearShould You Invest in Penny Stocks?4 Stocks Up 20%+ in the Last Month—Is More Growth Ahead?How to Use the MarketBeat Dividend CalculatorInsider Scoop: 4 Stocks Insiders Are Buying and SellingHow to Capture the Benefits of Dividend IncreasesPlay Both Sides: 3 Bond ETFs to Balance Offense and DefenseThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Gildan Activewear Right Now?Before you consider Gildan Activewear, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Gildan Activewear wasn't on the list.While Gildan Activewear currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here