HanesBrands raises quarterly dividend by 10 percent

HanesBrands Board of Directors have increased the company’s quarterly cash dividend by 10 percent, the third consecutive double-digit annual increase since establishing the dividend three years ago. The board is raising the regular quarterly cash dividend to 0.11 dollar per share, up from 0.10 dollar per share.

“Hanes’ continued earnings growth has allowed us to increase our quarterly cash dividend to shareholders for the third consecutive year,” said Hanes Chairman and Chief Executive Officer, Richard A. Noll.

The dividend will be payable March 8, 2016, to stockholders of record February 16, 2016. The company has returned more than 340 million dollars to shareholders through its quarterly dividend and has increased the dividend rate by 120 percent since the board established it in April 2013.