Carter Bankshares Reinstates Quarterly Dividend With $0.10 Per Share Payment
Carter Bankshares, Inc. declared a $0.10 per share quarterly cash dividend, marking the community bank's first quarterly payout in nearly a decade. The dividend yields 1.64% based on the April 21 closing price of $24.44.
Carter Bankshares, Inc. (NASDAQ: CARE), a Virginia-based community bank holding company, declared a $0.10 per share quarterly cash dividend on April 22, 2026. The payment marks the company's first quarterly cash dividend in nearly 10 years. Read more dividend announcements.
The dividend yields 1.64% annualized based on the April 21 closing stock price of $24.44. The board approved the payment at its April 22 meeting, with the company announcing the decision the following day.
"The reinstatement of the quarterly dividend reflects the Company's improved financial metrics, continued strong fundamentals and operating performance during the first quarter of 2026," said Litz H. Van Dyke, Chief Executive Officer. "This marks an important milestone for the Company, as it represents the first quarterly cash dividend in nearly 10 years."
| Dividend Details | Date |
|---|---|
| Amount Per Share | $0.10 |
| Record Date | May 11, 2026 |
| Payment Date | May 25, 2026 |
| Annualized Yield | 1.64% |
About Carter Bankshares
Headquartered in Martinsville, Virginia, Carter Bankshares operates Carter Bank, which provides commercial banking, consumer banking, and mortgage services. As of March 31, 2026, the company held $4.8 billion in assets and operated 63 branches across Virginia and North Carolina.