Hanes: $HBI Is Looking Good!

Takeaway: We've got to give credit, where credit is due.

HBI - HanesBrands Announces 50% Increase in Regular Quarterly Cash Dividend

  • "HanesBrands...today announced that its Board of Directors is raising the company’s dividend by 50 percent, declaring a regular cash dividend of $0.30 per share to be paid March 11, 2014, for stockholders of record at the close of business Feb. 18, 2014."
  • "Hanes has increased its payout ratio target for returning cash to shareholders via dividends to 25 percent to 30 percent of earnings per share."

Hanes: $HBI Is Looking Good! - 78

 

Takeaway from Hedgeye Retail Analyst Brian McGough: Gotta hand it to HBI -- it continues to surprise on the upside with cash deployment. We thought that initiating a dividend in the wake of paying down debt and repurchasing stock was the final element of surprise for HBI investors. We were wrong. We are still bullish on the MFB acquisition and think that management is low-balling on accretion.

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