Carolina Financial (CARO) Raises Quarterly Dividend 16.7% to $0.07; 0.7% Yield

Carolina Financial (NASDAQ: CARO) declared a quarterly dividend of $0.07 per share, or $0.28 annualized. This is a 16.7% increase from the prior dividend of $0.06.

The dividend will be payable on October 4, 2018, to stockholders of record on September 20, 2018, with an ex-dividend date of September 19, 2018.

The annual yield on the dividend is 0.7 percent.

“We are very pleased to increase our quarterly cash dividend for the second time this year, which is attributable to our strong second quarter results,” Jerry Rexroad, Carolina Financial Chief Executive Officer, said.

For a dividend history and other dividend-related data on Carolina Financial (CARO) click here.

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