1821 ET - Tariff fears are now hitting more than just guidance for some companies. Children's clothing company Carter's slashed its dividend by more than two-thirds, warning the company could see significantly higher costs due to new tariffs. "As we anticipate making strategic investments in our business in the coming years, our current dividend is misaligned with our current level of profitability," CEO Doug Palladini said in a statement. Other companies have withdrawn or cut their guidance in recent weeks owing to tariff fears, but few have gone so far as to trim dividends, too. (kelly.cloonan@wsj.com)
(END) Dow Jones Newswires
May 20, 2025 18:21 ET (22:21 GMT)
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