Carter’s Inc. (CRI) experienced a notable boost in its after-market trading today. The stock price surged to $73.96, reflecting an increase of 4.18 points, or 5.99%, from its previous close. The trading volume was considerable, with 35.96K shares traded. This rise demonstrates a positive market reaction and growing investor confidence in Carter’s recent performance and future outlook.
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Recent Developments
On May 16, 2024, the Board of Directors of Carter’s, Inc. (NYSE: CRI) announced a quarterly dividend of $0.80 per share. This dividend will be paid on June 7, 2024, to shareholders who are recorded by the close of business on May 28, 2024. Future decisions regarding quarterly dividends, as well as the establishment of record and payment dates, will be determined by the Board based on various factors, including the Company’s future financial performance and other considerations.
About Carter’s, Inc.
Carter’s, Inc. is the leading branded marketer of apparel exclusively for babies and young children in North America. The company owns the well-known Carter’s and OshKosh B’gosh brands, which are sold through more than 1,000 company-operated stores in the United States, Canada, and Mexico, as well as online at their respective websites. Carter’s is also the largest supplier of children’s apparel to major retailers across North America.
Their brands include Child of Mine, available at Walmart; Just One You, available at Target; and Simple Joys, available on Amazon. The company also owns Little Planet, a brand dedicated to organic fabrics and sustainable materials, and Skip Hop, a global lifestyle brand for families with young children. Carter’s is headquartered in Atlanta, Georgia. More information can be found at www.carters.com.
