VF (VFC) - Get Report boosted its dividend 90% and said it remains committed to showing annual revenue growth of 6% to 8%.

The Greensboro, N.C., apparel company boosted the quarterly payout to 55 cents from 29 cents, payable June 19 to holders of record June 9.

"Our growth plan is working, as indicated by three straight years of record sales, earnings and very strong returns on invested capital," said CEO Mackey McDonald. "This performance, coupled with our robust cash flow, enables VF to deliver higher value directly to our shareholders that is both significant and sustainable, while continuing to invest in our many growth opportunities."