02/15/24
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Press Release
HanesBrands Announces 33% Increase in Regular Quarterly Cash Dividend and 4-for-1 Stock Split
HanesBrands Announces 33% Increase in Regular Quarterly Cash Dividend and 4-for-1 Stock Split
January 28, 2015 at 8:30 AM EST
“Hanes is generating significant value for shareholders through earnings
growth, a strong balance sheet and significant cash flow,” Hanes
Chairman and Chief Executive Officer
The board is raising the regular quarterly cash dividend to
The quarterly cash dividend and the stock dividend will both be payable
In connection with the stock dividend and split, the board approved an article of amendment to the company’s charter to increase the number of authorized shares of common stock from 500 million to 2 billion.
For more information concerning the stock dividend, please visit the investors section of the Hanes corporate website, www.Hanes.com/investors.
Cautionary Statement Concerning Forward-Looking Statements
This press release contains certain “forward-looking statements,” as
defined under U.S. federal securities laws, with respect to our
long-term goals and trends associated with our business, as well as
guidance as to future performance. These forward-looking statements are
based on our current intent, beliefs, plans and expectations. Readers
are cautioned not to place any undue reliance on any forward-looking
statements. Forward-looking statements necessarily involve risks and
uncertainties, many of which are outside of our control, that could
cause actual results to differ materially from such statements and from
our historical results and experience. These risks and uncertainties
include such things as: the highly competitive and evolving nature of
the industry in which we compete; the failure of businesses we acquire
to perform to expectations; legal, regulatory, political and economic
risks associated with our operations in international markets, including
the risk of significant fluctuations in foreign exchange rates; the loss
or interruption of services of a member of our senior management team;
the accuracy of the estimates and assumptions on which our financial
statement projections are based; any inadequacy, interruption
,integration failure or security failure with respect to our information
technology; the impact of significant fluctuations and volatility in
various input costs, such as cotton and oil-related materials,
utilities, freight and wages; current economic conditions, including
consumer spending levels and the price elasticity of our products;
unanticipated business disruptions or the loss of one or more suppliers
in our global supply chain; and other risks identified from time to time
in our most recent
Source:
HanesBrands
News Media, contact:
Matt Hall, 336-519-3386
or
Analysts
and Investors, contact:
T.C. Robillard, 336-519-2115
Data Provided by Refinitiv. Minimum 15 minutes delayed.