NEW YORK ( TheStreet) -- The ex-dividend date for Gildan Activewear (NYSE: GIL) is tomorrow, August 16, 2011. Owners of shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $27.64 as of 9:31 a.m. ET, the dividend yield is 1.1%.

The average volume for Gildan Activewear has been 665,100 shares per day over the past 30 days. Gildan Activewear has a market cap of $3.3 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are down 3.8% year to date as of the close of trading on Friday.

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 13.3, equal to the average consumer non-durables industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Gildan Activewear as a 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, impressive record of earnings per share growth, compelling growth in net income and attractive valuation levels. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Gildan Activewear Ratings Report.

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