Shoe Carnival, Inc. announced that its Board of Directors authorized a new share repurchase program for up to $50 million of its outstanding common stock, effective January 1, 2026.
The new share repurchase program will replace the current $50 million program authorized on December 11, 2024, and will expire on December 31, 2025, in accordance with its terms. Additional purchases may be made under the existing share repurchase program prior to its expiration.
The authorization came as the company’s Board approved a quarterly cash dividend of 15 cents per share, payable on January 26, 2026, to shareholders of record as of the close of business on January 12, 2026.
“Our 55th consecutive quarterly dividend and new share repurchase authorization reflect our continued commitment to shareholder returns while maintaining a debt-free balance sheet. This financial strength positions us well to execute our One Banner Strategy and grow Shoe Station to over half of our stores by Back-to-School 2026,” commented Mark Worden, president and chief executive officer.
Image courtesy Shoe Carnival
