Apparel company PVH Corp. (PVH) will start paying its 3.75 cents per share quarterly dividend again. In 2020 PVH had suspended its quarterly dividend because of the COVID-19 pandemic. The owner of Calvin Klein and Tommy Hilfiger did not hike its dividend since 1992 with investors receiving a dividend of 15 cents annually for almost three decades prior to the suspension last year.
The next PVH dividend is payable on December 17,2021 to stockholders of record on November 24, 2021. The Company announced in June 2021 its intention to reinstate itscash dividend. The $0.15 per share annual dividend rate yields 0.1% at a stock price of $123.
PVH Corp. is a global apparel company. Its brands include TOMMY HILFIGER, CALVIN KLEIN, Van Heusen, IZOD, ARROW, Warner’s, Olga and Geoffrey Beene brands and True&Co. PVH licenses brands from third parties, including Speedo (licensed in perpetuity for North, Kenneth Cole New York, Kenneth Cole Reaction, Unlisted, a Kenneth Cole Production, MICHAEL Michael Kors, Michael Kors Collection, DKNY and Chaps. The company's brand portfolio also consists of various other owned, licensed and, to a lesser extent, private label brands. PVH Corp. was incorporated in the State of Delaware in 1976 as the successor to a business begun in 1881.