VF Corporation raises dividend by 12% in 2019

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Dividend Aristocrat VF Corporation (VFC) will raise its dividend by 12 percent this year.

If adjusted for the Kontoor Brands spinoff earlier this year this marks the company's 47th consecutive year of annual dividend increases.

VF’s Board of Directors declared a quarterly dividend of $0.48 per share, reflecting a 12 percent increase over the previous quarter's dividend. This dividend will be payable on December 20, 2019, to shareholders of record on December 10, 2019.

Yesterday VF closed at $90.82 near its all time high of $93.88. The current dividend yield is 1.9%. However this will be much higher because the stock trading down 12 percent premarket. Also the higher dividend will boost the current yield to above 2 percent.

V.F. Corporation (VF) is engaged in the design, production, procurement, marketing and distribution of branded lifestyle apparel, footwear and related products. The company's brands include The North Face, Vans and Timberland.

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