Shoe Carnival, Inc. (NASDAQ:SCVL) to Issue $0.15 Quarterly Dividend

Shoe Carnival, Inc. (NASDAQ:SCVL) declared a quarterly dividend on Friday, December 12th. Investors of record on Monday, January 12th will be given a dividend of 0.15 per share on Monday, January 26th. This represents a c) annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Monday, January 12th.

Shoe Carnival has raised its dividend payment by an average of 0.3%annually over the last three years and has increased its dividend annually for the last 14 consecutive years. Shoe Carnival has a payout ratio of 30.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Shoe Carnival to earn $2.93 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 20.5%.

Shoe Carnival Stock Up 1.9%

Shares of SCVL traded up $0.36 during mid-day trading on Friday, reaching $18.75. 453,159 shares of the stock traded hands, compared to its average volume of 484,193. Shoe Carnival has a 12-month low of $15.21 and a 12-month high of $36.94. The firm has a market cap of $513.14 million, a price-to-earnings ratio of 8.93 and a beta of 1.32. The stock has a fifty day simple moving average of $18.24 and a 200 day simple moving average of $20.04.

Shoe Carnival (NASDAQ:SCVL) last issued its quarterly earnings results on Thursday, November 20th. The company reported $0.53 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.53. The business had revenue of $297.16 million during the quarter, compared to analyst estimates of $295.25 million. Shoe Carnival had a net margin of 5.06% and a return on equity of 8.75%. The business’s revenue was down 3.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.71 earnings per share. Shoe Carnival has set its FY 2025 guidance at 1.800-2.100 EPS. On average, equities research analysts expect that Shoe Carnival will post 2.6 earnings per share for the current fiscal year.

About Shoe Carnival

Shoe Carnival, Inc, together with its subsidiaries, operates as a family footwear retailer in the United States. The company offers range of dress, casual, work, and athletic shoes, as well as sandals and boots for men, women, and children; and various accessories. The company also operates stores, and sells its products through online shopping at shoecarnival.com, as well as through mobile app.