Carter Bank & Trust (CARE) Declares $0.14 Special Dividend; 0.7% Yield

Carter Bank & Trust (NASDAQ: CARE) declared a special dividend of $0.14 per share.

The dividend will be payable on March 3, 2020, to stockholders of record on February 18, 2020, with an ex-dividend date of February 14, 2020.

The annual yield on the dividend is 0.7 percent.

"We are encouraged by our core earnings over the past several quarters as well as our progress in improving the risk profile of our balance sheet. While we are cognizant that further improvement is needed, the Board of Directors of Carter Bank & Trust recognizes that our recent strategy of capital retention has resulted in capital levels that are well above the well-capitalized levels of federal banking regulatory agencies. In light of these considerations as well as our limited ability to effectively leverage this capital, our Board felt that it was appropriate to return some of our excess capital to our shareholders. We are pleased to be able to reward our loyal shareholders with this dividend."

For a dividend history and other dividend-related data on Carter Bank & Trust (CARE) click here.

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