Carter's Announces New $400M Share Buyback
The Board of Directors of Carter's, Inc. (NYSE: CRI) today announced that
as part of the Board's ongoing review of opportunities to improve the
Company's capital structure and return capital to shareholders, it has
approved a new $400 million share repurchase authorization, bringing the
Company's total repurchase authorization to $700 million. As of August
22, 2013, the total remaining capacity under the authorizations was
approximately $670 million.
The Board also today declared a quarterly dividend of $0.16 per share,
payable on September 13, 2013, to shareholders of record at the close of
business on September 3, 2013.
The share repurchase authorization announced today permits the Company
to repurchase shares