Benzinga | Oct 22, 2021 06:24AM EDT

Kontoor Brands Hikes Dividend By 15%

* Kontoor Brands Inc (NYSE:KTB) Board of Directors has increased the quarterly dividend by 15% to $0.46 per share of its common stock. The company's previous quarterly cash dividend was $0.40.

* The cash dividend will be payable on December 20, 2021, to shareholders of record at the close of business on December 10, 2021.

* The company held $175.6 million in cash and equivalents as of June 30, 2021.

* Price Action: KTB shares closed higher by 1.74% at $51.50 on Thursday.