G-III Apparel Turns to Dividends as Portfolio Strength Shows Through

G-III Apparel Group, Ltd. (NASDAQ:GIII) is included among the 13 Companies that Just Started Paying Dividends.

On December 9, G-III Apparel Group, Ltd. (NASDAQ:GIII) approved a quarterly dividend, setting the payout at $0.10 per share. As of January 29, that translated into a dividend yield of 1.39%. For the company, it was a clear signal that returning capital to shareholders has become part of the broader strategy.

Morris Goldfarb, chairman and chief executive officer of G-III, said the company delivered a strong third quarter. Gross margins and earnings came in well ahead of expectations. He pointed to the strength of the company’s forward-looking brand portfolio, with owned brands playing a central role. A higher mix of full-price sales helped results, as did steps taken to manage the impact of tariffs. Goldfarb said it has been encouraging to see the company’s brands continue to connect with consumers, with steady demand carrying into the holiday season.

Looking ahead, Goldfarb said G-III is raising its fiscal 2026 earnings guidance to reflect the better-than-expected third-quarter performance. At the same time, management is staying realistic about uncertainty tied to consumer spending and the risk of margin pressure from tariffs. He credited the company’s teams for staying focused on strategic priorities and delivering solid profitability.

Management believes the company’s brand portfolio and operating model put it in a good position to meet its fiscal 2026 goals. Goldfarb also said G-III’s strong financial footing allows it to return capital through the new dividend, while still keeping flexibility to invest in strategic initiatives that support profitable growth.

G-III Apparel Group, Ltd. (NASDAQ:GIII)  is a global fashion company with operations spanning design, sourcing, distribution, and marketing. It owns and licenses more than 30 brands, each with its own positioning, product focus, and consumer reach.

While we acknowledge the potential of GIII as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 13 Best February Dividend Stocks To Buy and 14 High Yield Dividend Stocks with Sustainable Payouts

Disclosure: None.