Carter Bankshares, Inc. Declares Quarterly Dividend

Rhea-AI Summary

Carter Bankshares (NASDAQ:CARE) said its board approved a $0.10 per share quarterly cash dividend on April 22, 2026. Based on the April 21, 2026 close of $24.44, the company reported an annualized dividend yield of 1.64%. The dividend is payable May 25, 2026 to shareholders of record on May 11, 2026. Management described this as the first quarterly cash dividend in nearly 10 years and tied the reinstatement to improved financial metrics and operating performance in Q1 2026.

Positive

• Quarterly dividend reinstated at $0.10 per share
• Dividend payable May 25, 2026; record date May 11, 2026
• Annualized yield of 1.64% based on April 21, 2026 close

Negative

• None.

News Market Reaction – CARE

-2.09%

-2.09% Session close to close

In the Apr 23 session, CARE declined 2.09%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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MARTINSVILLE, VA / ACCESS Newswire / April 23, 2026 / The board of directors of Carter Bankshares, Inc. (the "Company") (NASDAQ:CARE), the holding company of Carter Bank (the "Bank"), approved a cash dividend of $0.10 per share on April 22, 2026. Based on the closing stock price on April 21, 2026 of $24.44, the annualized dividend yield is 1.64%. The dividend is payable on May 25, 2026 to shareholders of record as of May 11, 2026.

"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," stated Litz H. Van Dyke, Chief Executive Officer. Van Dyke continued, "This marks an important milestone for the Company, as it represents the first quarterly cash dividend in nearly 10 years."

About Carter Bankshares, Inc.

Headquartered in Martinsville, VA, Carter Bankshares, Inc. (NASDAQ: CARE) provides a full range of commercial banking, consumer banking, mortgage and services through its subsidiary Carter Bank. The Company has $4.8 billion in assets and 63 branches in Virginia and North Carolina as of March 31, 2026. For more information or to open an account visit www.carterbank.com.

Carter Bankshares, Inc.
investorrelations@carterbank.com

SOURCE: Carter Bankshares, Inc.

View the original press release on ACCESS Newswire

FAQ

What dividend did Carter Bankshares (CARE) declare on April 23, 2026?

Carter Bankshares declared a $0.10 per share quarterly cash dividend. According to Carter Bankshares, the dividend was approved April 22, 2026 and is payable May 25, 2026 to holders of record on May 11, 2026.

When is the Carter Bankshares (CARE) dividend payable and what is the record date?

The declared dividend is payable on May 25, 2026 with a record date of May 11, 2026. According to Carter Bankshares, shareholders on the May 11, 2026 record will receive the cash payment on May 25, 2026.

What yield does the $0.10 CARE quarterly dividend represent?

The company reported an annualized dividend yield of 1.64% using the April 21, 2026 close of $24.44. According to Carter Bankshares, that yield is calculated from the approved $0.10 quarterly dividend and the stated closing price.

Is the CARE dividend a new payment or a reinstatement?

This dividend is a reinstatement and represents the first quarterly cash dividend in nearly 10 years. According to Carter Bankshares, management linked the reinstatement to improved financial metrics and Q1 2026 operating performance.

How should CARE shareholders qualify to receive the May 25, 2026 dividend?

Shareholders must be recorded on the company books by May 11, 2026 to receive the dividend payable May 25, 2026. According to Carter Bankshares, only holders of record as of the May 11 date are eligible for the cash payment.