Shoe Carnival, Inc. (NASDAQ:SCVL) Plans $0.15 Quarterly Dividend

Key Points

• Shoe Carnival, Inc. has announced a quarterly dividend of $0.15 per share, with shareholders of record on October 6th set to receive it on October 20th, representing an annualized yield of 2.7%.
• The company reported earnings per share of $0.70 for the last quarter, exceeding analysts' expectations, although revenue fell by 7.9% year-on-year.
• Shoe Carnival maintains a payout ratio of 30.9%, indicating a strong ability to cover its dividends with its earnings, with an expected future payout ratio of 20.5% for the upcoming fiscal year.

Shoe Carnival, Inc. (NASDAQ:SCVL - Get Free Report) announced a quarterly dividend on Wednesday, September 24th, RTT News reports. Shareholders of record on Monday, October 6th will be given a dividend of 0.15 per share on Monday, October 20th. This represents a c) annualized dividend and a yield of 2.7%.

Shoe Carnival has a payout ratio of 30.9% indicating that its dividend is sufficiently covered by earnings. 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 Trading Up 1.8%

Shares of NASDAQ SCVL opened at $22.53 on Wednesday. The stock has a market cap of $616.54 million, a PE ratio of 9.92 and a beta of 1.35. Shoe Carnival has a 12-month low of $16.14 and a 12-month high of $45.64. The company has a 50-day moving average of $21.78 and a 200 day moving average of $20.48.

Shoe Carnival (NASDAQ:SCVL - Get Free Report) last announced its quarterly earnings data on Thursday, September 4th. The company reported $0.70 earnings per share for the quarter, beating analysts' consensus estimates of $0.61 by $0.09. The company had revenue of $306.39 million for the quarter, compared to analyst estimates of $318.31 million. Shoe Carnival had a return on equity of 9.65% and a net margin of 5.41%.The firm's revenue for the quarter was down 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.83 EPS. Shoe Carnival has set its FY 2025 guidance at 1.700-2.10 EPS. On average, sell-side analysts forecast that Shoe Carnival will post 2.6 EPS for the current fiscal year.

Shoe Carnival Company Profile

Shoe Carnival, Inc, together with its subsidiaries, operates as a family footwear retailer in the United States. The company offers range of dress, casual, work, and athletic shoes, as well as sandals and boots for men, women, and children; and various accessories. The company also operates stores, and sells its products through online shopping at shoecarnival.com, as well as through mobile app.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.