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The company also reinstated its share repurchase program, with an authorization to buy back up to $2.8 billion of its common stock.
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VFC in October 2021 raised its dividend for a 49th consecutive year – a 2% increase to 49 cents per share per quarter.
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That sort of flexibility helps the company maintain the free cash flow required to keep the dividend increases coming. The following year VFC acquired streetwear brand Supreme, but also divested its occupational workwear brands and business. In 2019, the company spun off its jeans business to shareholders via the publicly traded Kontoor Brands ( KTB). Blue Magic 912 Heavy Foam Carpet Cleaner with Stain Guard - 22 oz. Importantly, as acquisitive as VFC has traditionally been, it's never been shy about tailoring its portfolio to maintain maximum profitability. LIFTER-1 Carpet Stain & Spot Remover 3 -Pack for T., Blue Magic Coffee 22 Ounce. ( VFC) is an apparel company with a large number of brands under its umbrella, including The North Face outdoor products, Timberland boots and Eastpak backpacks.