- 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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