Carter Bankshares Announces Quarterly Cash Dividend of $0.10

What Happened

• Carter Bankshares, Inc. (NASDAQ: CARE) announced on July 23, 2026 that its Board declared a quarterly cash dividend of $0.10 per share. The dividend is payable August 24, 2026 to shareholders of record as of August 10, 2026. The company issued a press release (attached as Exhibit 99) announcing the dividend.

Key Details

• Dividend amount: $0.10 per share (quarterly).
• Record date: August 10, 2026; Payment date: August 24, 2026.
• Annualized yield: 1.22%, based on the July 22, 2026 closing price of $32.92.
• Form 8-K filed and signed by CFO Wendy S. Bell on July 23, 2026.

Why It Matters

• The dividend provides a direct cash return to shareholders and signals the Board’s current capital allocation decision. The 1.22% annualized yield (based on the July 22 share price) gives investors a quick way to compare this cash return to other income options. Investors should consider the payout alongside Carter’s financial results and risk factors disclosed in its SEC filings when evaluating the company’s income profile.