V.F. Corporation was founded in 1899 and is currently headquartered in Greensboro, North Carolina. The company is a global leader in their industry who designs, manufactures, markets and distributes a variety of premium branded lifestyle apparel, footwear and accessory products. It primarily operates in United States and Europe as a conglomerate with a highly diversified portfolio of more than 30 powerful brand names. The company sells its products to specialty stores, departments stores, national chains and mass merchants through it sales distribution department. In addition, it also has their own company operated stores and e-commerce platforms of business. This Dividend Champion has been delivering consistent, long-term value to its shareholders by raising dividends since 1973.
- Dividend Yield: 2.3%
- 10 Year Dividend Growth Rate: 15.5%
- Payout Ratio: 46.5%
- P/E: 27.1
- Consecutive Years of Dividend Raises: 43
I purchased 16 shares of VFC for the price of $65.65 adding $23.68 to my annual dividend income.
This is the 12th time I am initiating a stock acquisition this year. This transaction is my initial purchase of VFC into the portfolio. Furthermore, the acquisition of VFC makes it the 35th company I am invested in. Currently, VFC ownership stake represents to be around 1.5% of my current portfolio value.
The 12-month dividend income increased to $2,530.
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