Thursday, November 10, 2016

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 

Thanks for stopping by!


  1. Hawk -

    WOW! I am so jealous you picked them up at that amazing price, you dog you!! So jealous, I didn't have a solid position in capital to scoop some up, I hope you enjoy those dividends for me, that's for damn sure.


  2. Awesome job picking up VF. That is an amazing price that you picked it for and you will enjoy this investment for years to come. Congrats :)

  3. I've been eyeballing VFC for a bit too now and it looks so much better with a starting yield here around 3%. It's definitely on my short list of potential buys despite the strong market rally the last couple days. I liked your CAH pick up too.

  4. Congrats - keep building the dividend snowball. I don't know much about the company, but will be one to look into.