Shoe Carnival Declares Quarterly Cash Dividend and Announces New $50 Million Share Repurchase Program

Shoe Carnival, Inc. (Nasdaq: SCVL) (the “Company”), a leading retailer of footwear and accessories for the family, announced today that its Board of Directors approved the payment of a quarterly cash dividend of $0.15 per share to be paid on January 26, 2026, to shareholders of record as of the close of business on January 12, 2026. Additionally, its Board of Directors authorized a new share repurchase program for up to $50 million of its outstanding common stock, effective January 1, 2026. The new share repurchase program will replace an existing $50 million share repurchase program that was authorized on…