Levi Strauss initiates dividend
Levi Strauss & Co. (LEVI) will start paying a quarterly dividend of $0.15 per share. Earlier this year the jeans maker had announced its intention to pay a dividend of $55 million. The actual per share dividend is approximately $4 million dollars, or 7 percent higher than the amount the company named this January prior to its IPO.
The first dividend is payable on October 17, 2019, to both Class A and Class B common stock shareholders of record as of the close of business on October 5, 2019. An annualized dividend rate of 60 cents yields 3.5% at a stock price of $17.
Levi Strauss & Co. is a manufacturer of apparel. The company designs and markets jeans, casual wear and related accessories for men, women and children under the Levi's, Dockers, Signature by Levi Strauss & Co., and Denizen brands. Its products are sold worldwide through a combination of chain retailers, department stores, online sites, and retail stores and shop-in-shops. Levi Strauss & Co. became a public company in March 2019.
The first dividend is payable on October 17, 2019, to both Class A and Class B common stock shareholders of record as of the close of business on October 5, 2019. An annualized dividend rate of 60 cents yields 3.5% at a stock price of $17.
Levi Strauss & Co. is a manufacturer of apparel. The company designs and markets jeans, casual wear and related accessories for men, women and children under the Levi's, Dockers, Signature by Levi Strauss & Co., and Denizen brands. Its products are sold worldwide through a combination of chain retailers, department stores, online sites, and retail stores and shop-in-shops. Levi Strauss & Co. became a public company in March 2019.