Benzinga | Aug 20, 2021 01:57PM EDT

Carter's To Reward Shareholders By Recommencing Buyback

* Carter's Inc (NYSE: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.