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

Shoe Carnival, Inc. (NASDAQ:SCVL) announced a quarterly dividend on Thursday, June 11th. Investors of record on Monday, July 6th will be given 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 raised its dividend by an average of 0.3%per year over the last three years and has increased its dividend annually for the last 14 consecutive years. Shoe Carnival has a payout ratio of 35.1% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Performance

SCVL stock traded up $0.78 on Thursday, reaching $17.43. The company had a trading volume of 965,206 shares, compared to its average volume of 440,426. Shoe Carnival has a 1 year low of $14.91 and a 1 year high of $26.57. The company’s fifty day moving average is $17.24 and its 200 day moving average is $18.14. The company has a market cap of $473.24 million, a P/E ratio of 12.91 and a beta of 1.41.

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