Crown Crafts: Rises on reinstated dividend, strong results
12/08/2020 12:46
** Shares of kids consumer products maker CRWS.O up 7.7%
at $5.29 premarket
** Crown Crafts says its board has declared quarterly cash
dividend on Series A common stock of 8 cents/share, citing
strong financial position
** In June, CRWS temporarily suspended dividends to conserve
cash urn:newsml:reuters.com:*:nGNXbb3hHQ
** CRWS also posts a 12.6% increase in net income and a 1.6%
rise in net sales for Q1, helped by strong demand for its
products, including infant bedding, bibs and developmental toys
urn:newsml:reuters.com:*:nGNXzkb2f
** Up to Tuesday's close, stock down about 20% this year
(Reporting by Praveen Paramasivam in Bengaluru)
((Praveen.Paramasivam@thomsonreuters.com; within U.S. +1 646
223 8780 (Extn. 3478), outside U.S. +91 80 6182 3478;))