Gildan Activewear Stock To Go Ex-dividend Tomorrow (GIL)
The ex-dividend date for Gildan Activewear (NYSE:GIL) is tomorrow, February 18, 2011. Owners of shares as of market close today will be eligible for a dividend of 7 cents per share. At a price of $30.45 as of 9:31 a.m., the dividend yield is 0.2%.
NEW YORK ( TheStreet) -- The ex-dividend date for Gildan Activewear (NYSE: GIL) is tomorrow, February 18, 2011. Owners of shares as of market close today will be eligible for a dividend of 7 cents per share. At a price of $30.45 as of 9:31 a.m. ET, the dividend yield is 0.2%. The average volume for Gildan Activewear has been 566,800 shares per day over the past 30 days. Gildan Activewear has a market cap of $3.7 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are up 7.4% year to date as of the close of trading on Wednesday. Gildan Activewear Inc. manufactures and sells T-shirts, activewear, underwear, and socks to wholesale screen printers, embroiderers, and retailers in North America, Europe, and internationally. It sells T-shirts, fleece, and sport shirts under the Gildan brand name. The company has a P/E ratio of 18, below the average consumer non-durables industry P/E ratio of 18.1 and below the S&P 500 P/E ratio of 23.3. TheStreet Ratings rates Gildan Activewear as buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Gildan Activewear Ratings Report. See our dividend calendar or top-yielding stocks list.
The troubled retailer, which plans to sell its intellectual property to Gildan Activewear, emerged from a previous bankruptcy only in February and pushed its U.K. business into administration last week.