Recent Buy - V.F. Corporation (VFC)

Yesterday on November 9, I Bought 25 shares of  V.F. Corporation at $ 52.98 per share.

V.F. Corporation engages in the design, production, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and related products in the United States and Europe. The company primarily offers outdoor apparel, footwear and equipment, youth culture/action sports-inspired footwear, handbags, luggage, backpacks, totes, accessories, surfing-inspired footwear, merino wool socks, women’s activewear, and travel accessories under the The North Face, Vans, Timberland, Kipling, Napapijri, Jansport, Reef, Smartwool, Eastpak, lucy, and Eagle Creek brands. It also provides denim, casual apparel, footwear, and accessories under the Wrangler, Lee, Lee Casuals, Riders by Lee, Rustler, Timber Creek by Wrangler, and Rock & Republic brands. In addition, the company offers occupational, protective occupational, athletic, licensed athletic, and licensed apparel products under the Red Kap, Bulwark, Horace Small, Majestic, MLB, NFL, and Harley-Davidson brands; sportswear apparel, luggage, and accessories under the Nautica brand; and handbags, luggage, backpacks, totes, and accessories under the Kipling brand. Further, it provides premium denim apparel, footwear, and accessories under the 7 For All Mankind, Splendid, and Ella Moss brands. The company sells its products primarily to specialty stores, department stores, national chains, and mass merchants, as well as sells through company operated stores, concession retail stores, and e-commerce sites. V.F. Corporation was founded in 1899 and is headquartered in Greensboro, North Carolina

 

VFC is a Dividend Champions with a 43 year streak of dividend increases. Dividend growth rates for 1, 3, 5 and 10 years are 20.1, 20.06 , 17.0 and 17.1. (DividendChampions.xls) After the last dividend increase declaration, V.F. Corporation now pays dividends of $ 0.42 per share normally in March, June, September and December.

If you are interested, you can read analysis of V.F. Corporation by Lanny at Dividend Diplomats here. 

Details of my purchase:

Some ratings for VFC:

    Yahoo:  Mean Recommendation 2.5, 1y Target Est $ 60.39

    Reuters: Mean Rating 2.50

    Morningstar:  (****) 

At today's exchange rate, this purchase 25 shares of VFC will increase € 28.77 ($ 31.29) of my expected annual net dividend income and will increase my portfolio's projected annual net dividend income to € 9,640.00. With purchase price $ 52.98 plus commission ($ 0.00) my starting yield on cost is 3.17%.

Click here to see my portfolio.

Full Disclosure: Long VFC 

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