Shoe Carnival, Inc. (SCVL) To Go Ex-Dividend on April 6th

Shoe Carnival, Inc. (NASDAQ:SCVL) announced a quarterly dividend on Tuesday, March 3rd. Investors of record on Monday, April 6th will be paid a dividend of 0.17 per share on Monday, April 20th. This represents a c) annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Monday, April 6th. This is a 13.3% increase from Shoe Carnival’s previous quarterly dividend of $0.15.

Shoe Carnival has increased its dividend payment by an average of 0.3%per year over the last three years and has raised its dividend annually for the last 14 consecutive years. Shoe Carnival has a dividend payout ratio of 35.1% indicating that its dividend is sufficiently covered by earnings. 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 $0.68 annual dividend with an expected future payout ratio of 23.2%.

Shoe Carnival Price Performance

Shares of SCVL opened at $16.00 on Friday. Shoe Carnival has a 1 year low of $15.04 and a 1 year high of $26.57. The company has a 50 day simple moving average of $18.89 and a two-hundred day simple moving average of $18.86. The firm has a market cap of $439.52 million, a P/E ratio of 8.42 and a beta of 1.36.

Shoe Carnival (NASDAQ:SCVL) last released its quarterly earnings data on Thursday, March 26th. The company reported $0.33 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.33. Shoe Carnival had a net margin of 4.60% and a return on equity of 7.75%. The firm had revenue of $254.07 million for the quarter, compared to analysts’ expectations of $255.83 million. During the same quarter last year, the business posted $0.54 earnings per share. The company’s revenue for the quarter was down 3.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Shoe Carnival will post 2.6 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.