Carter Bankshares, Inc. Establishes Dividend Reinvestment and Stock Purchase Plan
Carter Bankshares (NASDAQ:CARE) has established a Dividend Reinvestment and Stock Purchase Plan offering up to 1,000,000 shares of common stock to existing shareholders.
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Rhea-AI Summary
Carter Bankshares (NASDAQ:CARE) has established a Dividend Reinvestment and Stock Purchase Plan offering up to 1,000,000 shares of common stock to existing shareholders. The Plan lets participants buy additional shares via dividend reinvestment and optional cash payments, starting with dividends declared and paid after August 24, 2026.
Positive
- Up to 1,000,000 shares available for purchase to existing shareholders under the new plan
- Plan allows dividend reinvestment and additional cash purchases, giving shareholders flexible ways to increase holdings
Negative
- Issuance of up to 1,000,000 new shares under the plan could dilute existing ownership percentages
Details
News Market Reaction – CARE
On Aug 12, the first trading day after this news, CARE closed 1.06% above the previous close.
Data tracked by StockTitan Argus for the Aug 12 session.
AI-generated analysis. How Rhea-AI works. Not financial advice.
MARTINSVILLE, VA / ACCESS Newswire / August 11, 2026 / Carter Bankshares, Inc. (the "Company") (NASDAQ:CARE) today announced the establishment of its Dividend Reinvestment and Stock Purchase Plan (the "Plan"). The Company will offer up to 1,000,000 shares of common stock to existing shareholders of the Company for purchase under the Plan. The Plan provides enrolled participants with the opportunity to purchase additional shares of common stock through the reinvestment of dividends and through additional cash purchases.
Shareholders may enroll in the Plan at any time, although dividend reinvestments will not begin until the first dividend, if any, declared and paid after August 24, 2026. The dividend declared by the Company on July 22, 2026 and payable on August 24, 2026 to shareholders of record on August 10, 2026, is not eligible for reinvestment under the Plan.
The Plan will be administered by Computershare Trust Company, N.A., the Company's transfer agent ("Computershare"). Shareholders may obtain a copy of the Plan prospectus and enrollment form by contacting Computershare toll-free at 800-736-3001 or visiting the Computershare website at www.computershare.com/investor.
About Carter Bankshares, Inc.
Headquartered in Martinsville, VA, Carter Bankshares, Inc. (NASDAQ:CARE) provides a full range of commercial banking, consumer banking, mortgage and other services through its subsidiary Carter Bank. The Company has
Contact:
Brooks Taylor
VP, Corporate Communications Officer
Brooks.Taylor@carterbank.com
276-806-5445
SOURCE: Carter Bankshares, Inc.
View the original press release on ACCESS Newswire
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