Gildan Activewear (GIL) Raises Quarterly Dividend 20% to $0.078; 1.3% Yield
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Gildan Activewear Reports Record Fourth Quarter Results for Calendar Year 2015 and Initiates Guidance for 2016
February 24, 2016 7:05 AM ESTMONTREAL, QUEBEC -- (Marketwired) -- 02/24/16 -- Gildan Activewear Inc. (TSX: GIL)(NYSE: GIL) today announced record fourth quarter sales and earnings and in-line with the Company's previously projected guidance, despite the impact of unseasonably warm weather and a weak holiday season in retail. The Company also initiated guidance, reflecting higher sales and earnings for 2016. In addition, the Company announced a 20% increase in the amount of its quarterly dividend and the initiation of a normal course issuer bid to repurchase up to approximately 5% of its issued and outstanding common... More
