Shoe Carnival Declares Quarterly Cash Dividend

Rhea-AI Summary

Shoe Carnival, Inc. (NASDAQ: SCVL) has announced a quarterly cash dividend of $0.09 per share, payable on July 25, 2022, to shareholders on record as of July 11, 2022. This marks the company's 41^st consecutive dividend, reflecting strong cash generation and a solid unleveraged balance sheet.

Mark Worden, President and CEO, emphasized the company’s double-digit operating income margin as a key factor in the board's decision. Future dividends will depend on the company's financial performance.

Positive

• 41st consecutive quarterly dividend paid shows strong financial performance.
• Quarterly cash dividend of $0.09 per share indicates high cash generation.

Negative

• None.

Company to Pay Quarterly Cash Dividend of $0.09 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 $0.09 per share will be paid on July 25, 2022, to shareholders of record as of the close of business on July 11, 2022.

“With our continued strong cash generation, unleveraged balance sheet and double-digit operating income margin, our Board approved our 41^st consecutive quarterly dividend,” 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 June 24, 2022, the Company operates 395 stores in 35 states and Puerto Rico under its Shoe Carnival and Shoe Station banners and offers shopping at www.shoecarnival.com. Headquartered in Evansville, IN, Shoe Carnival, Inc. trades on The Nasdaq Stock Market LLC under the symbol SCVL. 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/20220624005253/en/

W. Kerry Jackson

Shoe Carnival Investor Relations

(812) 867-4034

Source: Shoe Carnival, Inc.

FAQ

What is the dividend amount for SCVL?

Shoe Carnival, Inc. has declared a quarterly cash dividend of $0.09 per share.

When is the dividend payment date for SCVL?

The dividend will be paid on July 25, 2022.

What is the record date for the SCVL dividend?

The record date for the dividend is July 11, 2022.

How often does SCVL pay dividends?

Shoe Carnival pays dividends quarterly.

Is the SCVL dividend sustainable?

Future dividends will depend on the company’s financial performance and board approval.