Carter's: Dividend Insights
Portfolio Pulse from Benzinga Insights
Carter's (NYSE:CRI) has announced a quarterly dividend of 75 cents per share, with the ex-dividend date set for Monday. Shareholders owning CRI stock by the end of Friday are eligible for the dividend, which will be paid on December 8, 2023. The stock is expected to open 75 cents lower on Monday to reflect the dividend payout.
November 22, 2023 | 2:45 pm
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Carter's has declared a quarterly dividend of 75 cents per share, with an ex-dividend date on Monday. The stock is expected to open lower by the dividend amount on the ex-dividend date.
Carter's announcement of a dividend typically leads to a short-term decrease in stock price equal to the dividend amount on the ex-dividend date, as the value of the dividend is no longer included in the stock price. This is a common and expected market reaction to dividend distributions.
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