Carolina Financial (CARO) Approves Six-for-Five Common Stock Split
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Carolina Financial (NASDAQ: CARO) announced that its Board of Directors declared a six-for-five stock split representing a 20% stock dividend to stockholders of record as of July 15, 2015 payable on July 31, 2015.
"We are pleased to announce a 20% stock dividend to our stockholders which is representative of our strong operating results. We appreciate the continued support of our stockholders and remain focused on enhancing stockholder value in both the short and long term," stated Jerry Rexroad, President and CEO of Carolina Financial Corporation.
Carolina Financial Corporation is the parent company of CresCom Bank, a leader in community banking with 26 branches throughout North Carolina and South Carolina, as well as the parent company for Crescent Mortgage Company.
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