Guess' Inc. (GES) will reinstate its quarterly dividend payment following the suspension earlier in 2020. In 2019 the apparel company already cut its quarterly dividend by 50.0 percent to $0.1125 per share.

The next dividend of 11.25 cents per share will be payable on October 2, 2020 to shareholders of record as of the close of business on September 16, 2020. A new annual dividend rate of 45 cents per share will yield 3.4% at a stock price of $13.36, assuming that Guess will  maintain the quarterly payments in the next quarters.

On September 2, 2020 the company reported second quarter results and announced the reinstatement of the dividend after two quarters without a payment. In the press release Guess states that the company’s board of directors has approved the resumption of its quarterly cash dividend program, declaring a cash dividend of $0.1125 per share on the company’s common stock. The board also decided not to declare any cash dividends for the prior two quarters.

In a press release dated March 18, 2020 the company announced to postpone its decision related to the potential declaration of a quarterly cash dividend for the first quarter of fiscal 2021. The last time Guess hiked its dividend was in 2014, when the company announced a dividend increase of 12.5 percent.

Guess?, Inc. designs, markets, distributes and licenses apparel, denim, handbags, watches, footwear and other related consumer products for men, women and children. The company's apparel is marketed under trademarks including GUESS, GUESS?, GUESS U.S.A., GUESS Jeans, GUESS? and Triangle Design, MARCIANO, Question Mark and Triangle Design, a stylized G and a stylized M, GUESS Kids, Baby GUESS, YES, G by GUESS (GbG), GUESS by MARCIANO and Gc. The company's products are distributed through branded Guess? stores as well as department and specialty stores around the world. The company initiated a dividend in 2007 and announced a first ever dividend cut in 2019. Following the temporarily suspension of the dividend in 2020, the company reinstated its dividend.