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VF Corporation Reports In-Line Fourth Quarter Revenue and Earnings, Declares Dividend of $0.30 Per Share, and Issues Fiscal 2024 Outlook

VF Corporation today announced financial results for its fourth quarter and fiscal year ended April 1, 2023 in line with guidance.

Q4 FY23 Financial Highlights

Revenue $2.7 billion, down 3%. | May 23, 2023 ....

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The 10 Best Dividend Income Growers in the S&P 500

It’s been 8 and a half years since
Abbott Laboratories (NYSE:
ABT) spun off its branded drug unit into a publicly-traded company. At the time, AbbVie had annual revenue of $18.4 billion. Half of its annual sales came from Humira, the company’s biologic therapy intended to treat autoimmune diseases such as psoriasis, rheumatoid arthritis, Crohn’s disease and the like.
Today, ABBV has $45.8 billion in sales (2020) and $11.4 billion in operating earnings. Humira now accounts for 43% of its overall sales, down from 61% in 2018. AbbVie increased its quarterly dividend by 10.2% to $1.30 per share with its February dividend payment. An annualized dividend of $5.20 yields 4.5%. ....

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Workwear Outfitters: Leader in Workwear Apparel & Footwear Begins New Era as Stand-Alone Company

Tonight
Mostly cloudy skies. A stray shower or thunderstorm is possible. Low 71F. Winds S at 5 to 10 mph.
Tomorrow
Rain showers in the morning with thunderstorms developing in the afternoon. High 83F. Winds S at 5 to 10 mph. Chance of rain 60%. ....

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VF Corporation Completes The Sale Of The Occupational Portion Of Its Work Segment

July 1, 2021
DENVER June 28, 2021 VF Corporation, a global supplier of branded lifestyle apparel, footwear and accessories, today announced that it has completed the sale of the occupational portion of its Work segment to a subsidiary of Redwood Capital Investments, LLC, a diversified holding company.
The occupational workwear portion of VF’s Work segment includes the following brands: Red Kap®, VF Solutions®, Bulwark®, Workrite®, Walls®, Terra®, Kodiak®, Work Authority® and Horace Small®.
The sale does not include the Dickies® and Timberland PRO® brands.
The announcement follows the April 28, 2021, news release in which VF announced that it had entered into a definitive agreement regarding the sale of this business. Terms of the agreement were not disclosed. ....

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Workwear Outfitters: Leader in Workwear Apparel & Footwear Begins New Era as Stand-Alone Company

Sunrise: 05:32:23 AM
Sunset: 08:05:58 PM
Dew Point: 71°
Today
Scattered clouds with the possibility of an isolated thunderstorm developing during the afternoon. High 89F. Winds SW at 5 to 10 mph. Chance of rain 30%.
Tonight
Overcast. A stray shower or thunderstorm is possible. Low 71F. Winds SSW at 5 to 10 mph.
Tomorrow
Thunderstorms likely. High 83F. Winds WSW at 5 to 10 mph. Chance of rain 80%. Locally heavy rainfall possible. ....

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