Dividend Aristocrat VF Corporation (VFC) will raise its quarterly dividend by 10.9 percent to $0.51 per share in the fourth quarter of 2018.

This follows a 9.5 percent dividend hike by the apparel and footwear maker last year and marks the company's 46th consecutive year of annual dividend increases.

The increased dividend will be paid on December 20, 2018 to shareholders of record on December 10, 2018. The ex-date for this next dividend of 51 cents is December 7, 2018. A new annual dividend of $2.014 per share yields 2.6% at a stock price of $77.76.

“VF’s second quarter results were strong driven by our core brands, the company’s international and direct-to-consumer platforms, and our work businesses,” said Steve Rendle, Chairman, President andChief Executive Officer. “As we move into the second half of our fiscal year, we are confident in our growth engines as evidenced by the increase in both our dividend and full year outlook. Wecontinue to invest behind our strategic growth priorities, and the actions we are taking continue to advance our journey toward transforming VF into a purpose-led, performance-driven, consumercentric organization focused on and committed to delivering superior returns to shareholders.”

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.