Levi Strauss suspends dividend
Levi Strauss & Co. (LEVI) will suspend its quarterly dividend because of the COVID-19 pandemic. The company says that it has determined not to declare a dividend for the third quarter of 2020 and will reassess dividend payments for the fourth quarter as circumstances evolve.
The jeans maker had initiated a quarterly dividend in 2019, the same year Levi Strauss went public.
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 jeans maker had initiated a quarterly dividend in 2019, the same year Levi Strauss went public.
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.