Shoe Carnival, Inc. reported that its Board of Directors has approved a quarterly cash dividend of 17 cents per share, representing a 13.3 percent increase and an annualized dividend rate of 68 cents per share.
The quarterly cash dividend will be paid on April 20, 2026, to shareholders of record as of the close of business on April 6, 2026.
“This year’s dividend increase marks the 12th consecutive year the company has raised its dividend, with the annualized rate growing from $0.12 to $0.68 per share over that period, representing a compounded annual growth rate of approximately 15.5 percent. The Board’s decision to increase the quarterly dividend demonstrates confidence in our growth strategies and the strength of our balance sheet, which held over $130 million in cash and securities at the end of Fiscal 2025,” commented Cliff Sifford, Shoe Carnival’s interim president and chief executive officer.
Shoe Carnival also announced plans to report fourth-quarter results on March 26.
Image courtesy Shoe Carnival
