Levi Strauss hikes dividend by 20%

On July 7, 2022, LEVI declared a dividend of $0.12 per share totaling approximately $48 million, payable in Cash on August 17, 2022 to the holders of record of Class A common stock and Class B common stock at the close of business on August 1, 2022. So Levi Strauss & Co. (LEVI) will raise its quarterly dividend by another 20 percent to 12 cents per share in 2022. Earlier this year the jeans company already announced a dividend hike, bringing the total increase in 2022 to 50 percent. A new annual dividend rate of $0.48 per share yields 2.9% at a stock price of $16.41.

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.