AP NEWS
Press release content from Business Wire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

Shoe Carnival Declares Quarterly Cash Dividend

June 14, 2019

EVANSVILLE, Ind.--(BUSINESS WIRE)--Jun 14, 2019--

Shoe Carnival, Inc. (NASDAQ: SCVL) a leading retailer of moderately priced footwear and accessories, announced today that its Board of Directors has approved a six percent increase in its quarterly cash dividend.

The quarterly cash dividend of $0.085 per share will be paid on July 22, 2019, to shareholders of record as of the close of business on July 8, 2019.

“We are happy to announce another increase to our quarterly cash dividend, as approved by our Board of Directors. This action further demonstrates our ongoing goal of enhancing total return to our shareholders,” stated Cliff Sifford, Shoe Carnival’s President and Chief Executive Officer.

Future declarations of dividends are subject to approval of the Board of Directors and will depend on the Company’s results of operations, financial condition, business conditions and other factors deemed relevant by the Board of Directors.

About Shoe Carnival

Shoe Carnival, Inc. is one of the nation’s largest family footwear retailers, offering a broad assortment of moderately priced dress, casual and athletic footwear for men, women and children with emphasis on national name brands. As of June 14, 2019, the Company operates 395 stores in 35 states and Puerto Rico, and offers online shopping at www.shoecarnival.com. Headquartered in Evansville, Indiana, Shoe Carnival trades on The NASDAQ Stock Market LLC under the symbol SCVL. Shoe Carnival’s press releases and annual report are available on the Company’s website at www.shoecarnival.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190614005390/en/

CONTACT: Cliff Sifford

President and Chief Executive Officer, or

W. Kerry Jackson

Senior Executive Vice President, Chief Operating and Financial Officer and Treasurer7500 East Columbia Street

Evansville, IN 47715

www.shoecarnival.com

(812) 867-6471

KEYWORD: UNITED STATES NORTH AMERICA INDIANA

INDUSTRY KEYWORD: RETAIL FASHION

SOURCE: Shoe Carnival, Inc.

Copyright Business Wire 2019.

PUB: 06/14/2019 04:05 PM/DISC: 06/14/2019 04:05 PM

http://www.businesswire.com/news/home/20190614005390/en

All contents © copyright 2019 The Associated Press. All rights reserved.