VF Corp to pay 90% more cash dividend

16 May '06

2 min read

The dividend increase follows an extensive analysis that confirmed our confidence in our ability to continue to fund our transformation while allowing us to reward our shareholders with a significant dividend increase.

VF's growth plan centers on building and acquiring dynamic, higher-growth and high margin lifestyle brands by capitalizing on the significant free cash flow generated from our portfolio of heritage brands and our very strong balance sheet.

As we have stated previously, this strategy should result in a significant shift in our business mix, with the percentage of revenues coming from our lifestyle businesses expected to grow to 60 percent by 2009 from 30 percent in 2005.

VF Corporation is a leader in branded lifestyle apparel including jeanswear, outdoor products, intimate apparel, image apparel and sportswear.

Its principal brands include Wrangler, Lee, Riders, Rustler, Vanity Fair, Vassarette, Bestform, Lily of France, Nautica, John Varvatos, JanSport, Eastpak, The North Face, Vans, Reef, Napapijri, Kipling, Lee Sport and Red Kap.

VF Corporation

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