Shoe Carnival, Inc. (SCVL) To Go Ex-Dividend on January 12th

Shoe Carnival, Inc. (NASDAQ:SCVL) declared a quarterly dividend on Wednesday, December 10th. Stockholders 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 3.1%. The ex-dividend date is Monday, January 12th.

Shoe Carnival has increased its dividend by an average of 0.3%annually 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 30.9% meaning 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 0.9%

Shares of NASDAQ:SCVL opened at $19.13 on Friday. The company’s 50-day moving average price is $17.58 and its 200 day moving average price is $19.85. The company has a market cap of $523.78 million, a PE ratio of 9.11 and a beta of 1.31. Shoe Carnival has a fifty-two week low of $15.21 and a fifty-two week high of $31.36.

Shoe Carnival (NASDAQ:SCVL) last announced its quarterly earnings results on Thursday, November 20th. The company reported $0.53 EPS for the quarter, meeting the consensus estimate of $0.53. The company had revenue of $297.16 million for 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%. Shoe Carnival’s revenue was down 3.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.71 earnings per share. Shoe Carnival has set its FY 2025 guidance at 1.800-2.100 EPS. As a group, equities analysts anticipate that Shoe Carnival will post 2.6 EPS 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.