Home / Knowledge / News / Apparel/Garments / HanesBrands executes 4-for-1 stock split
HanesBrands executes 4-for-1 stock split
09
Mar '15
Marketer of everyday basic apparel, HanesBrands said it has executed its previously announced 4-for-1 stock split.

“The New York Stock Exchange began reporting the split-adjusted number of shares outstanding and per-share stock price beginning from March 4,” HanesBrands informed in a press release.

On March 3, 2015, HanesBrands stockholders received three additional shares of common stock for each share of common stock they owned to shareholders of record on February 9, 2015.

“Hanes has generated significant value for shareholders through execution of its business strategies, stock price appreciation and quarterly cash dividends,” CEO Richard Noll said.

He added, “We have posted record results for sales, adjusted operating profit, and adjusted earnings per share the past two years and our guidance for 2015 would represent another year of record results.”

“We are taking advantage of our powerful company-owned global supply chain, Innovate-to-Elevate product platforms and acquisitions,” he noted.

Hanes, which began paying quarterly cash dividends in June 2013, has increased its dividend rate twice and has since paid approximately $220 million in accumulative cash dividends to shareholders.

On a split-adjusted basis, the company’s stock price closed at $31.99 on March 3, compared with its September 6, 2006 opening on the NYSE at $4.95 per share.

HanesBrands markets basic apparels under brands, including Hanes, Champion, Playtex, DIM, Bali, Maidenform, Flexees, JMS/Just My Size, Wonderbra, Nür Die, Lovable and Gear for Sports. (AR)

Fibre2fashion News Desk - India


Must ReadView All

May 31 deadline for registration of chemicals under REACH

Textiles | On 23rd May 2018

May 31 deadline for registration of chemicals under REACH

May 31 is the final deadline for companies to register all chemicals...

US cotton production projected to decline in 2018: USDA

Textiles | On 23rd May 2018

US cotton production projected to decline in 2018: USDA

US cotton production is forecast at 19.5 million bales, nearly 7 per...

Pakistan's textile exports up 8.13% in July-April FY18

Textiles | On 23rd May 2018

Pakistan's textile exports up 8.13% in July-April FY18

The value of textile and garment exports from Pakistan increased by...

Interviews View All

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Top executives
Textile & apparel bodies

The decision to reduce GST on MMF yarn to 12% is transformational

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Akshat Chaudhary

Aizome, Asia's first Fairtrade denim brand, is all set to launch next...

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


May 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search