Shoe Carnival, Inc. (NASDAQ:SHOE) to Issue Quarterly Dividend of $0.17

Key Points

• Shoe Carnival declared a quarterly dividend of $0.17 per share, payable October 20 to shareholders of record on October 6. The $0.68 annualized dividend represents a 5.2% yield, and the company has raised its payout for 14 consecutive years.
• The dividend appears financially supported, with a current payout ratio of 35.1% and an expected forward payout ratio of 45.0% based on analysts’ projected earnings.
• Recent operating results were weaker than expected: quarterly EPS was $0.23 versus the $0.34 consensus, revenue fell 7.2% year over year to $284.31 million, and fiscal 2026 EPS guidance is $0.75–$0.90.

Shoe Carnival, Inc. (NASDAQ:SHOE - Get Free Report) declared a quarterly dividend on Tuesday, September 22nd. Investors of record on Tuesday, October 6th will be paid a dividend of 0.17 per share on Tuesday, October 20th. This represents a c) dividend on an annualized basis and a yield of 5.2%. The ex-dividend date is Tuesday, October 6th.

Shoe Carnival has increased its dividend payment by an average of 0.3%annually over the last three years and has raised its dividend every year for the last 14 years. Shoe Carnival has a dividend payout ratio of 35.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Shoe Carnival to earn $1.51 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 45.0%.

Shoe Carnival Trading Up 0.4%

NASDAQ:SHOE opened at $13.10 on Wednesday. The business's 50 day moving average price is $14.50. Shoe Carnival has a 12 month low of $10.20 and a 12 month high of $22.76. The stock has a market cap of $355.92 million, a price-to-earnings ratio of 14.88 and a beta of 1.40.

Shoe Carnival (NASDAQ:SHOE - Get Free Report) last released its earnings results on Thursday, September 10th. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.11). Shoe Carnival had a net margin of 2.20% and a return on equity of 5.32%. The firm had revenue of $284.31 million during the quarter, compared to analysts' expectations of $299.19 million. During the same quarter last year, the business earned $0.70 EPS. The business's revenue was down 7.2% compared to the same quarter last year. Shoe Carnival has set its FY 2026 guidance at 0.750-0.900 EPS. Analysts anticipate that Shoe Carnival will post 0.85 earnings per share for the current year.

Institutional Investors Weigh In On Shoe Carnival

Several hedge funds and other institutional investors have recently bought and sold shares of the company. State Street Corp acquired a new position in shares of Shoe Carnival in the second quarter valued at approximately $6,373,000. Pinnacle Wealth Management Advisory Group LLC purchased a new position in Shoe Carnival in the second quarter valued at $152,000. Integrated Wealth Concepts LLC acquired a new position in shares of Shoe Carnival during the second quarter worth about $46,000. Corient Private Wealth LP purchased a new stake in shares of Shoe Carnival in the 2nd quarter valued at approximately $292,000. Finally, AXQ Capital LP acquired a new position in shares of Shoe Carnival during the second quarter worth $394,000. 66.05% of the stock is currently owned by institutional investors and hedge funds.

About Shoe Carnival

Shoe Carnival, Inc is a family footwear retailer that sells shoes, sandals, boots, athletic footwear, accessories and related products for women, men and children. Its merchandise assortment includes national brands as well as private-label products, with offerings spanning casual, dress, work and athletic categories.

The company operates through a network of retail stores and an e-commerce platform, serving customers primarily in the United States. Shoe Carnival emphasizes value-oriented pricing, frequent promotions and an in-store shopping experience designed to appeal to families and budget-conscious consumers.

Founded in 1978 and headquartered in Evansville, Indiana, Shoe Carnival has expanded through organic growth and acquisitions, including its purchase of Shoe Station.

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