Abbott $ABT is a dividend aristocrat in the healthcare space. When they chose to spin off Abbvie $ABBV in 2013, the investment community considered the company a dividend aristocrat.
VF Corp $VFC spun off its denim business Kontoor Brands $KTB in 2019, I rarely hear people talk about the business like it was also a dividend aristocrat when it went public. Because of the dividend cuts during the pandemic, I can understand why any talk about the business being a dividend aristocrat was short-lived.
Overall, I do think that Kontoor Brands is a business worth paying attention to in the apparel space. $LEVI is a major denim brand and Kontoor Brands could see a similar level of success as Levi Strauss Co.
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Always love looking at these Joel Greenblatt-style "unloved businesses" left behind after spinoffs. Forced selling in a lot of cases creates incredible buying opportunities.