Shoe Carnival Declares Quarterly Cash Dividend

Rhea-AI Summary

Shoe Carnival, Inc. (NASDAQ: SCVL) has announced a quarterly cash dividend of $0.07 per share. The dividend will be paid on October 18, 2021, to shareholders of record as of October 4, 2021. Future dividends are contingent upon the Company's operational and financial performance. As of September 17, 2021, Shoe Carnival operates 377 stores across 35 states and Puerto Rico, and it emphasizes a wide range of family footwear products.

Positive

• Quarterly cash dividend set at $0.07 per share, demonstrating commitment to returning value to shareholders.
• Company operates 377 stores, indicating a robust market presence.

Negative

• None.

Company to Pay Quarterly Cash Dividend of $0.07 Per Share

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.

The quarterly cash dividend of $0.07 per share will be paid on October 18, 2021, to shareholders of record as of the close of business on October 4, 2021.

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 September 17, 2021, the Company operates 377 stores in 35 states and Puerto Rico, and offers online shopping at www.shoecarnival.com. Headquartered in Evansville, IN, Shoe Carnival trades on The Nasdaq Stock Market LLC under the symbol SCVL. Shoe Carnival's press releases and annual report are available on the Company's website at www.shoecarnival.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210917005514/en/

Kerry Jackson

Shoe Carnival Investor Relations

(812) 867-4034

www.shoecarnival.com

Source: Shoe Carnival, Inc.

FAQ

What is the amount of the quarterly dividend for SCVL?

The quarterly dividend for Shoe Carnival (SCVL) is $0.07 per share.

When will the SCVL dividend be paid?

The dividend will be paid on October 18, 2021.

Who is eligible to receive the SCVL dividend?

Shareholders of record as of the close of business on October 4, 2021, are eligible to receive the dividend.

Are future dividends guaranteed for SCVL?

Future dividends are subject to approval by the Board of Directors and depend on the Company's financial performance.

How many stores does Shoe Carnival operate?

Shoe Carnival operates 377 stores across 35 states and Puerto Rico.