05:00 PM EDT, 05/20/2025 (MT Newswires) -- Carter's (CRI) shares were down more than 11% in recent after-hours activity Tuesday after the company announced a reduced its quarterly dividend to $0.25 per share from $0.80.

The dividend is payable June 20 to holders of record as of June 2.

The company said it will continue to evaluate its capital allocation priorities.