Levi Strauss Declares $0.14 Quarterly Dividend, Up 5% Year-Over-Year
Levi Strauss & Co., the iconic denim and apparel company, declared a quarterly cash dividend of $0.14 per share, representing a 5% increase from the prior year. The dividend totals approximately $54 million and is payable to both Class A and Class B common stockholders.
Levi Strauss & Co. (NYSE: LEVI), the iconic denim and apparel company, declared a quarterly cash dividend of $0.14 per share, a 5% increase from the prior year's $0.1333 per share. The dividend totals approximately $54 million. Read more dividend announcements.
The dividend is payable on May 6, 2026 to holders of record of both Class A and Class B common stock at the close of business on April 22, 2026.
| Dividend Details | Information |
|---|---|
| Amount Per Share | $0.14 |
| Total Dividend | $54 million (approx.) |
| Record Date | April 22, 2026 |
| Payment Date | May 6, 2026 |
| Previous Dividend | $0.1333 |
| Change | +5% |
Shareholder Returns and Capital Allocation
In the first quarter, Levi Strauss returned $214 million to shareholders, a 163% increase over the prior year. Beyond the $54 million in dividends, the company launched a $200 million accelerated share repurchase program.
The company took delivery of and retired approximately 8 million shares at an aggregate cost of $160 million based on the January 29, 2026 closing share price. The remaining shares under the accelerated repurchase program are expected to be settled at the end of the program.
As of March 1, 2026, Levi Strauss had $240 million remaining under its current share repurchase authorization, which has no expiration date.
Balance Sheet and Liquidity
As of March 1, 2026, the company reported cash and cash equivalents of $717 million, with total liquidity of approximately $1.6 billion. Total inventories increased 4% on a dollar basis compared to the first quarter of 2025.
Leadership Transition
Levi Strauss announced that Executive Vice President and Chief Financial & Growth Officer Harmit Singh will continue in his role until a successor is appointed. He will then transition to serve as Special Advisor before retiring. The company has initiated a search for his successor.
Fiscal 2026 Guidance Raised
The company raised its full-year fiscal 2026 guidance across multiple metrics. Reported net revenues growth was raised to 5.5% to 6.5%, up from 5% to 6%. Organic net revenues growth was raised to 4.5% to 5.5%, up from 4% to 5%.
Gross margin guidance was raised to flat to slightly up versus prior year, up from flat to prior year. Adjusted EBIT margin was raised to expanding to approximately 12%, up from 11.8% to 12%.
Adjusted diluted earnings per share guidance was raised to $1.42 to $1.48, up from $1.40 to $1.46. This includes an approximate $0.04 headwind from a higher tax rate of approximately 23%, which is 2 percentage points higher than the prior year.
The guidance assumes U.S. tariffs on imports from China remain at 30% and rest-of-world at 20%, and reflects the Dockers business being reported in discontinued operations following the sale of that brand, which was completed on February 27, 2026.