Shoe Carnival (SCVL) Declares $0.07 Quarterly Dividend; $50M Buyback

Shoe Carnival (NASDAQ: SCVL) declared a quarterly dividend of $0.07 per share, or $0.28 annualized.

The dividend will be payable on January 24, 2022, to stockholders of record on January 10, 2022, with an ex-dividend date of January 7, 2022.

The annual yield on the dividend is 0.7 percent.

Shoe Carnival, Inc. (NASDAQ: SCVL) (the “Company”), a leading retailer of footwear and accessories for the family, today announced that its Board of Directors authorized a new share repurchase program for up to $50 million of its outstanding common stock, effective January 1, 2022. In addition, its Board of Directors approved the payment of a quarterly cash dividend of $0.07 per share to be paid on January 24, 2022, to shareholders of record as of the close of business on January 10, 2022.

The new share repurchase program will replace an existing $50 million share repurchase program that was authorized on December 15, 2020, and will expire in accordance with its terms on December 31, 2021. Additional purchases may be made under the existing share repurchase program prior to its expiration.

For a dividend history and other dividend-related data on Shoe Carnival (SCVL) click here.

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