Carter's (CRI) Declares $0.40 Quarterly Dividend; Reinstates Share Repurchase Program

Carter's (NYSE: CRI) declared a quarterly dividend of $0.40 per share, or $1.6 annualized.

The dividend will be payable on September 17, 2021, to stockholders of record on August 31, 2021, with an ex-dividend date of August 30, 2021.

The annual yield on the dividend is 1.6 percent.

In addition, the Board of Directors has reinstated the Company’s previously suspended share repurchase program. As of August 19, 2021, total remaining capacity under outstanding repurchase authorizations is approximately $650.4 million. Such purchases may be made in the open market or in privately negotiated transactions, with the level and timing of activity being at the discretion of the Company’s management subject to restrictions under the Company’s revolving credit facility, market conditions, stock price, other investment priorities, and other factors. These share repurchase authorizations have no expiration date. The Company had previously announced the suspension of the common stock share repurchase program in connection with the COVID-19 pandemic.

For a dividend history and other dividend-related data on Carter's (CRI) click here.

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