Gildan Activewear Stock To Go Ex-dividend Tomorrow (GIL)

NEW YORK ( TheStreet) -- The ex-dividend date for Gildan Activewear (NYSE: GIL) is tomorrow, December 13, 2011. Owners of shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $18.79 as of 9:30 a.m. ET, the dividend yield is 1.6%.

The average volume for Gildan Activewear has been 610,300 shares per day over the past 30 days. Gildan Activewear has a market cap of $2.21 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are down 33% 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 9.1, below the average consumer non-durables industry P/E ratio of 9.3 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Gildan Activewear as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, attractive valuation levels, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Gildan Activewear Ratings Report.

See our dividend calendar or top-yielding stocks list.

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