Levi Strauss As of May 7, 2021 ticker dps (an.) 2021 hike 2020 hike 2019 hike
LEVI $0.24 50.0% -100.0% 0.0%
Business yield Hike yrs 5 yr CAGR freq. paid since
Jeanswear 0.8% 1 N/A Quarter 2021
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Levi Strauss will now pay an estimated $95 million in dividends annually to shareholders © image: company annual report
Levi Strauss will now pay an estimated $95 million in dividends annually to shareholders © image: company annual report

Levi Strauss & Co. (LEVI) will raise its quarterly dividend by 50 percent to 6 cents per share in Q2 of 2021. Earlier this year the jeans company reinstated a quarterly dividend with a 4 cent per share payment. 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.

In today's press release, reporting Q1 2021 financial results, Levi Strauss announces the increased dividend: In April 2021, the company increased the dividend to $0.06 per share for the second quarter totaling approximately $24 million. The dividend will be payable in cash on or after May 25, 2021, to the holders of record of Class A common stock and Class B common stock at the close of business on May 7, 2021. The company will reassess dividend payments for future quarters as circumstances evolve.

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.

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