WINSTON-SALEM, N.C. (AP) — HanesBrands Inc. said Tuesday that it is raising its dividend 50 percent, or 10 cents, to 30 cents after recent strong earnings growth.
The T-shirt and underwear maker will pay the dividend on March 11 to shareholders as of Feb. 18.
The company, based in Winston-Salem, N.C., owns brands such as Hanes, Champion and Playtex. It bought a competitor, Maidenform, in October for about $583 million.
In the first nine months of last year, HanesBrands' net income more than tripled. The company expects to report its fourth-quarter results on Wednesday.
HanesBrands shares fell 3 cents to close at $64.17 and were unchanged in after-hours trading.