Shoe Carnival's Board of Directors approved an 11.1% increase in its quarterly cash dividend, raising it to $0.15 per share. This new annualized dividend rate is $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 52nd consecutive quarterly dividend and the 11th consecutive year the company has increased its dividend.
President and CEO Mark Worden stated that this decision demonstrates confidence in delivering growth and enhancing shareholder returns, supported by the company's strong financial position.
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