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Carter's Inc declares quarterly dividend of $0.19/share
Nov '14
NYSE-listed and babies and kids apparel retailer Carter’s Inc has announced that the Company’s Board of Directors has approved a quarterly dividend for holders of the Company’s common shares in the amount of $0.19 per common share. The dividend will be paid on December 5, 2014, to shareholders of record at the close of business on November 25, 2014.

Net income at Carter’s Inc surged 16.5 per cent year-on-year in the third fiscal quarter ending September 28, 2014. In the third quarter of 2014, net income rose $9.3 million or $1.23 per diluted share, compared to $56.6 million or $0.97 per diluted share, in the third quarter of fiscal 2013.

Net sales increased slower by $38.8 million or 5.1 per cent from the prior year quarter to $798.9 million. Brandwise, sales of Carter’s brand mounted $21.6 million or 3.8 percent from a year ago period to $591.2 million.

Carter’s Inc is one of the largest branded marketers of apparel and related products exclusively for babies and young children in the United States. The company owns the Carter’s and OshKosh B’gosh brands, two of the most recognized brands in the marketplace. These brands are sold in leading department stores, national chains, and specialty retailers domestically and internationally. They are also sold through more than 800 company-operated stores in US and Canada. (GK)

Fibre2fashion News Desk - India

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