Carter's To Reward Shareholders By Recommencing Buyback

by Shivani Kumaresan, Benzinga Staff Writer

August 20, 2021 1:57 PM | 1 min read | Make a Comment

Carter's Inc CRI board of directors has reinstated its previously suspended share repurchase program.
The remaining capacity under the outstanding repurchase authorizations is about $650.4 million as of August 19, 2021.
Carter's also declared a quarterly dividend of $0.40 per share, payable on September 17, 2021, to shareholders of record on August 31, 2021.
In the first half of 2020, Carter's announced it temporarily suspended its repurchase program and dividend in connection with the COVID-19 pandemic.
Carter's held $1.12 billion in cash and equivalents as of June 30, 2021.
Price Action: CRI shares are trading higher by 3.36% at $104.12 on the last check Friday.