Shoe Carnival, Inc. (NASDAQ:SCVL) Announces Quarterly Dividend of $0.17

Shoe Carnival, Inc. (NASDAQ:SCVL) announced a quarterly dividend on Thursday, June 11th. Shareholders of record on Monday, July 6th will be paid a dividend of 0.17 per share on Monday, July 20th. This represents a c) dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Monday, July 6th.

Shoe Carnival has increased its dividend payment by an average of 0.3%per year over the last three years and has increased its dividend every year for the last 14 years. Shoe Carnival has a payout ratio of 35.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Shoe Carnival to earn $1.86 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 36.6%.

Shoe Carnival Stock Up 4.7%

Shares of SCVL opened at $17.43 on Friday. The business has a 50-day simple moving average of $17.28 and a two-hundred day simple moving average of $18.14. The stock has a market cap of $473.22 million, a price-to-earnings ratio of 12.91 and a beta of 1.41. Shoe Carnival has a 52 week low of $14.91 and a 52 week high of $26.57.

Shoe Carnival (NASDAQ:SCVL) last issued its quarterly earnings results on Thursday, May 21st. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.03. The business had revenue of $270.73 million during the quarter, compared to analysts’ expectations of $268.73 million. Shoe Carnival had a return on equity of 7.24% and a net margin of 3.31%.The business’s quarterly revenue was down 2.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.34 earnings per share. On average, equities analysts anticipate that Shoe Carnival will post 1.5 earnings per share for the current fiscal year.

Shoe Carnival Company Profile

Shoe Carnival, Inc (NASDAQ: SCVL) is a U.S.-based specialty retailer offering a broad assortment of footwear, apparel and accessories for the entire family. Through its network of brick-and-mortar stores and e-commerce platform, the company provides casual, athletic and dress shoes for men, women and children, as well as complementary apparel, handbags, socks and other accessories designed to deliver value and variety. Its distinctive in-store carnival host service model aims to create an engaging shopping experience and foster customer loyalty.

Founded in 1978 and headquartered in Evansville, Indiana, Shoe Carnival has expanded over four decades to operate more than 350 retail locations across over 30 states.