Sell: Hanesbrands Inc. (HBI)
Updated from Wall Street’s Best Investments 831, July 16, 2020
From Forbes Dividend Investor
We only had one stock that did not move higher this week—Hanesbrands—which tumbled after the underwear maker and owner of the Champion athletic brand posted disappointing quarterly results. Management announced a comprehensive strategic review of the business. The stock is being removed from the FDI portfolio. Even if you sell the stock, you have already earned a $0.15 per share dividend that will be paid on December 1.
John Dobosz, Forbes Dividend Investor, newsletters.forbes.com, 212-367-3388, November 7, 2020