Carolina Financial (CARO) Declares $0.03 Quarterly Dividend; 0.7% Yield

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Go back to Carolina Financial (CARO) Declares $0.03 Quarterly Dividend; 0.7% Yield

Carolina Financial Corporation Reports Results for Fourth Quarter of 2015 and Announces First Quarter Dividend

January 22, 2016 9:00 AM EST

CHARLESTON, S.C., Jan. 22, 2016 /PRNewswire/ -- Carolina Financial Corporation (NASDAQ: CARO) today announced net income for the three and twelve months ended December 31, 2015.  Net income for the three months ended December 31, 2015 increased approximately 110% to $3.6 million, or $0.36 per diluted share, compared to $1.7 million, or $0.18 per diluted share, for the three months ended December 31, 2014.  Net income for the twelve months ended December 31, 2015 increased approximately 74% to $14.4 million, or $1.48 per diluted share, compared to net income of $8.3 million, or $0.87 per diluted share, for the twelve months ended December 31, 2014.  

"We are pleased to... More