Levi Strauss & Co. (LEVI) will start paying a 4 cent per share quarterly dividend in 2021. Last year the jeans maker suspended its quarterly dividend because of the COVID-19 pandemic. The company had initiated a quarterly dividend in 2019, the same year Levi Strauss went public.

The company declared and paid dividends of $0.08 per share in each of the first and second quarters collectively totaling approximately $64 million, a 16 percent increase compared to the $55 million paid in the first half of 2019. The company did not declare dividends for the third or fourth quarter. The next dividend of $0.04 per share will be paid on Feb 26, 2021 to shareholders of record on February 10.

Now the company has declared a dividend of $0.04 per share and will consider increases in dividend payments for future quarters as the business continues to improve. Based on a annual payment of 16 cents (if the dividend is maintained of course) the new dividend yield is 0.8% at a stock price of $19.68.

Levi Strauss & Co. is a manufacturer of apparel. The company designs and markets jeans, casual wear and related accessories for men, women and children under the Levi's, Dockers, Signature by Levi Strauss & Co., and Denizen brands. Its products are sold worldwide through a combination of chain retailers, department stores, online sites, and retail stores and shop-in-shops. Levi Strauss & Co. became a public company in March 2019.