Shoe Carnival (SCVL) Declares $0.065 Quarterly Dividend; Approves $50M Buyback Plan

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Go back to Shoe Carnival (SCVL) Declares $0.065 Quarterly Dividend; Approves $50M Buyback Plan

Shoe Carnival Announces New $50 Million Share Repurchase Program and Declares Quarterly Cash Dividend

December 10, 2015 4:39 PM EST

EVANSVILLE, Ind.--(BUSINESS WIRE)-- Shoe Carnival, Inc. (NASDAQ: SCVL) a leading retailer of moderately priced footwear and accessories, 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, 2016. In addition, its Board of Directors approved the payment of a quarterly cash dividend of $0.065 per share to be paid on January 25, 2016, to shareholders of record as of the close of business on January 11, 2016.

The new share repurchase program will replace the existing $25 million share repurchase program that was authorized... More