Shoe Carnival (SCVL) has announced an 11.1% increase in its quarterly cash dividend to $0.15 per share, raising the annualized dividend rate to $0.60 per share. The dividend will be paid on April 21, 2025, to shareholders of record as of April 7, 2025.
This marks the company's 52nd consecutive quarterly dividend and 11th consecutive year of dividend increases. The new annualized dividend rate represents a 238% increase compared to the rate paid to shareholders five years ago. CEO Mark Worden stated this increase demonstrates confidence in delivering growth and enhancing shareholder returns.
Shoe Carnival (SCVL) ha annunciato un incremento del 11,1% nel suo dividendo trimestrale in contante, portandolo a $0,15 per azione, elevando il tasso di dividendo annualizzato a $0,60 per azione. Il dividendo sarà pagato il 21 aprile 2025 agli azionisti registrati entro il 7 aprile 2025.
Questo segna il 52° dividendo trimestrale consecutivo dell'azienda e l'11° anno consecutivo di aumenti dei dividendi. Il nuovo tasso di dividendo annualizzato rappresenta un incremento del 238% rispetto al tasso pagato agli azionisti cinque anni fa. Il CEO Mark Worden ha dichiarato che questo aumento dimostra fiducia nella capacità di generare crescita e migliorare i ritorni per gli azionisti.
Shoe Carnival (SCVL) ha anunciado un incremento del 11,1% en su dividendo en efectivo trimestral, llevándolo a $0,15 por acción, elevando la tasa de dividendo anualizada a $0,60 por acción. El dividendo se pagará el 21 de abril de 2025 a los accionistas registrados hasta el 7 de abril de 2025.
Esto marca el 52° dividendo trimestral consecutivo de la compañía y el 11° año consecutivo de aumentos de dividendos. La nueva tasa de dividendo anualizada representa un incremento del 238% en comparación con la tasa pagada a los accionistas hace cinco años. El CEO Mark Worden declaró que este aumento demuestra confianza en la capacidad de generar crecimiento y mejorar los retornos para los accionistas.
슈 카니발 (SCVL)은 분기 현금 배당금을 11.1% 증가시켜 주당 $0.15로, 연간 배당금 비율을 주당 $0.60로 올렸다고 발표했습니다. 배당금은 2025년 4월 21일에 지급되며, 2025년 4월 7일 기준 주주에게 지급됩니다.
이는 회사의 52번째 연속 분기 배당금이며 11번째 연속 배당금 증가입니다. 새로운 연간 배당금 비율은 5년 전 주주들에게 지급된 비율에 비해 238% 증가한 것입니다. CEO 마크 워든은 이 증가는 성장 달성과 주주 수익 개선에 대한 신뢰를 보여준다고 밝혔습니다.
Shoe Carnival (SCVL) a annoncé une augmentation de 11,1% de son dividende trimestriel en espèces, le portant à 0,15 $ par action, augmentant le taux de dividende annualisé à 0,60 $ par action. Le dividende sera payé le 21 avril 2025 aux actionnaires enregistrés au 7 avril 2025.
Cela marque le 52ème dividende trimestriel consécutif de l'entreprise et le 11ème année consécutive d'augmentations de dividendes. Le nouveau taux de dividende annualisé représente une augmentation de 238% par rapport au taux versé aux actionnaires il y a cinq ans. Le PDG Mark Worden a déclaré que cette augmentation démontre la confiance dans la capacité à générer de la croissance et à améliorer les rendements pour les actionnaires.
Shoe Carnival (SCVL) hat eine 11,1%ige Erhöhung seiner vierteljährlichen Bar-Dividende auf 0,15 $ pro Aktie angekündigt, wodurch die annualisierte Dividendenrate auf 0,60 $ pro Aktie steigt. Die Dividende wird am 21. April 2025 an die zum 7. April 2025 registrierten Aktionäre ausgezahlt.
Dies markiert die 52. aufeinanderfolgende vierteljährliche Dividende des Unternehmens und das 11. aufeinanderfolgende Jahr von Dividendenerhöhungen. Die neue annualisierte Dividendenrate stellt eine 238%ige Erhöhung im Vergleich zu der Rate dar, die vor fünf Jahren an die Aktionäre gezahlt wurde. CEO Mark Worden erklärte, dass diese Erhöhung Vertrauen in das Wachstum und die Verbesserung der Rendite für die Aktionäre zeigt.
Positive
11.1% increase in quarterly dividend to $0.15 per share
52nd consecutive quarterly dividend payment
11th consecutive year of dividend increases
238% dividend growth compared to 5 years ago
Strong indication of company's financial stability and growth
Negative
None.
Board of Directors Increases Quarterly Cash Dividend by 11.1 percent
EVANSVILLE, Ind.--(BUSINESS WIRE)--
Shoe Carnival, Inc. (Nasdaq: SCVL) (the “Company”), a leading retailer of footwear and accessories for the family, announced today that its Board of Directors has approved the payment of a quarterly cash dividend of $0.15 per share, representing a quarterly increase of 11.1 percent and an increased annualized dividend rate to $0.60 per share.
The quarterly cash dividend will be paid on April 21, 2025, to shareholders of record as of the close of business on April 7, 2025.
“This marks our 52nd consecutive quarterly dividend and the 11th consecutive year we have increased the dividend. This new annualized dividend rate is a 238 percent increase compared to the rate paid to shareholders five years ago. The Board’s decision to increase the quarterly dividend demonstrates our confidence in delivering growth and further enhancing shareholder returns,” commented Mark Worden, Shoe Carnival’s President and Chief Executive Officer.
Future declarations of dividends are subject to approval of the Board of Directors and will depend on the Company’s results of operations, financial condition, business conditions and other factors deemed relevant by the Board of Directors.
About Shoe Carnival
Shoe Carnival, Inc. is one of the nation’s largest family footwear retailers, offering a broad assortment of dress, casual and athletic footwear for men, women and children with emphasis on national name brands. As of March 17, 2025, the Company operated 431 stores in 36 states and Puerto Rico under its Shoe Carnival, Shoe Station and Rogan’s store fronts and offers shopping at www.shoecarnival.com and www.shoestation.com. Headquartered in Evansville, IN, Shoe Carnival, Inc. trades on The Nasdaq Stock Market LLC under the symbol SCVL. Press releases and annual reports are available on the Company's website at www.shoecarnival.com.
Cautionary Statement Regarding Forward-Looking Information
As used herein, “we”, “our” and “us” refer to Shoe Carnival, Inc. This press release contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, that involve a number of risks and uncertainties, such as statements about our future growth, operations, cash flows and shareholder returns.
A number of factors could cause our actual results, performance, achievements or industry results to be materially different from any future results, performance or achievements expressed or implied by these forward-looking statements. These factors include, but are not limited to: the impact of competition and pricing, including our ability to maintain current promotional intensity levels; changes in the political and economic environments in, the status of trade relations with, and the impact of changes in trade policies and tariffs impacting, China and other countries which are the major manufacturers of footwear; our ability to control costs and meet our labor needs in a rising wage, inflationary, and/or supply chain constrained environment; the effects and duration of economic downturns and unemployment rates; our ability to increase our comparable stores net sales and achieve expected operating results from rebannering Shoe Carnival locations into Shoe Station locations within expected time frames, or at all; our ability to achieve expected operating results from, and planned growth of, our Shoe Station banner within expected time frames, or at all; the potential impact of national and international security concerns, including those caused by war and terrorism, on the retail environment; general economic conditions in the areas of the continental United States and Puerto Rico where our stores are located; changes in the overall retail environment and more specifically in the apparel and footwear retail sectors; our ability to successfully utilize the e-commerce sales channel and its impact on traffic and transactions in our physical stores; the success of the open-air shopping centers where many of our stores are located and the impact on our ability to attract customers to our stores; our ability to attract customers to our e-commerce platform and to successfully grow our omnichannel sales; the effectiveness of our inventory management, including our ability to manage key merchandise vendor relationships and direct-to-consumer initiatives; changes in our relationships with other key suppliers; our ability to successfully manage and execute our marketing initiatives and maintain positive brand perception and recognition; our ability to successfully manage our current real estate portfolio and leasing obligations; changes in weather, including patterns impacted by climate change; changes in consumer buying trends and our ability to identify and respond to emerging fashion trends; the impact of disruptions in our distribution or information technology operations including at our distribution center located in Evansville, IN; the impact of natural disasters, public health and political crises, civil unrest, and other catastrophic events on our operations and the operations of our suppliers, as well as on consumer confidence and purchasing in general; the duration and spread of a public health crisis and the mitigating efforts deployed, including the effects of government stimulus on consumer spending; risks associated with the seasonality of the retail industry; the impact of unauthorized disclosure or misuse of personal and confidential information about our customers, vendors and employees, including as a result of a cybersecurity breach; our ability to effectively achieve the operating results from, and maintain the synergies, efficiencies and other benefits gained through, our acquisition strategy, including our recent acquisition of Rogan’s; our ability to successfully execute our business strategy, including the availability of desirable store locations at acceptable lease terms, our ability to identify, consummate or effectively integrate future acquisitions, our ability to implement and adapt to new technology and systems, our ability to open new stores in a timely and profitable manner, including our entry into major new markets, and the availability of sufficient funds to implement our business plans; higher than anticipated costs associated with the closing of underperforming stores; the inability of manufacturers to deliver products in a timely manner; an increase in the cost, or a disruption in the flow, of imported goods; the impact of regulatory changes in the United States, including minimum wage laws and regulations, and the countries where our manufacturers are located; the resolution of litigation or regulatory proceedings in which we are or may become involved; continued volatility and disruption in the capital and credit markets; future stock repurchases under our stock repurchase program and future dividend payments; and other factors described in the Company’s SEC filings, including the Company’s latest Annual Report on Form 10-K. In addition, these forward-looking statements necessarily depend upon assumptions, estimates and dates that may be incorrect or imprecise and involve known and unknown risks, uncertainties and other factors. Accordingly, any forward-looking statements included in this press release do not purport to be predictions of future events or circumstances and may not be realized. Forward-looking statements can be identified by, among other things, the use of forward-looking terms such as “believes,” “expects,” “aims,” “on track,” “may,” “will,” “should,” “seeks,” “pro forma,” “anticipates,” “intends” or the negative of any of these terms, or comparable terminology, or by discussions of strategy or intentions. Given these uncertainties, we caution investors not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. We disclaim any obligation to update any of these factors or to publicly announce any revisions to the forward-looking statements contained in this press release to reflect future events or developments.
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