Carter’s, Inc. (NYSE:CRI – Get Free Report) declared a quarterly dividend on Thursday, May 14th. Shareholders of record on Tuesday, May 26th will be paid a dividend of 0.25 per share by the textile maker on Friday, June 5th. This represents a c) dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Tuesday, May 26th.
Carter’s has increased its dividend by an average of 0.2%annually over the last three years. Carter’s has a dividend payout ratio of 37.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Carter’s to earn $3.24 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 30.9%.
Carter’s Stock Down 0.9%
Shares of Carter’s stock opened at $37.23 on Friday. The company has a current ratio of 2.80, a quick ratio of 1.72 and a debt-to-equity ratio of 0.61. The company’s fifty day simple moving average is $35.71 and its two-hundred day simple moving average is $34.89. The company has a market cap of $1.37 billion, a P/E ratio of 15.01 and a beta of 0.86. Carter’s has a 12-month low of $23.38 and a 12-month high of $44.44.
Carter’s Company Profile
Carter’s, Inc (NYSE: CRI) is a leading designer and marketer of infant and young children’s apparel in North America. Headquartered in Atlanta, Georgia, the company’s core business focuses on creating clothing and accessories for babies and children, including bodysuits, sleepwear, layette, outerwear and accessories that blend comfort, safety and style. Carter’s flagship brand is complemented by its OshKosh B’gosh line, which offers heritage-inspired designs and durable fabrics for toddlers and young kids.
The company distributes its products through a diversified platform that includes wholesale partnerships with major department stores and mass merchandisers, direct‐to‐consumer e-commerce sites, and an extensive network of company-operated retail stores.
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