VF Corporation (VFC) will raise its quarterly dividend by 13.5 percent to $0.42 per share in the fourth quarter of 2016. Last year VFC hiked its quarterly dividend from $0.32 to $0.37 per share.

The increased dividend will be payable on December 19, 2016, to shareholders of record at the close of business on December 9, 2016. The ex-date is December 7, 2016. The current dividend yield is 3.1% based on a $54.24 stock price for VF Corp.

V.F. Corporation (VF) is a manufacturer of branded lifestyle apparel, footwear and accessories. VF’s businesses and brands are organized into four categories: Outdoor & Action Sports, Jeanswear, Imagewear and Sportswear. The company's brands include The North Face, Vans, Timberland, Dickies, Eastpak, JanSport, Bulwark, Wrangler and Lee. VF was founded in 1899 as Reading Glove and Mitten Manufacturing Company.