Shoe Carnival declares $0.15 quarterly dividend

FORT MILL, S.C. - Shoe Carnival, Inc. (NASDAQ:SCVL) announced Wednesday that its Board of Directors has approved a quarterly cash dividend of $0.15 per share, payable on October 20, 2025, to shareholders of record as of October 6, 2025. The dividend represents a 2.7% yield, reflecting the company’s 11-year streak of consecutive dividend raises, according to InvestingPro data.

This represents the company’s 54th consecutive quarterly dividend payment. The footwear retailer reported it is operating with no debt on its balance sheet and generated positive comparable sales during the Back-to-School season.

According to the company’s statement, Shoe Carnival had nearly $150 million in cash and securities available after the Back-to-School period, positioning it for potential investments in rebranding initiatives and other strategic opportunities.

"This capital strength positions us well to execute on rebanner investments and other strategic opportunities and to further enhance shareholder returns," said Mark Worden, Shoe Carnival’s President and Chief Executive Officer, in the press release.

The company noted that future dividend declarations will depend on various factors including business conditions, financial position, and results of operations.

Shoe Carnival currently operates 428 stores across 35 states and Puerto Rico under its Shoe Carnival, Shoe Station, and Rogan’s store brands. The retailer is headquartered in Fort Mill, South Carolina, with distribution and support operations in Evansville, Indiana.

In other recent news, Shoe Carnival reported its second-quarter earnings for 2025, revealing an earnings per share (EPS) of $0.70, which exceeded analysts’ projections of $0.58. Despite this positive earnings result, the company’s revenue fell short of expectations, registering $306.4 million compared to the anticipated $318.3 million. This revenue figure also represents a 7.9% decline from the previous year. Nonetheless, the company’s strategic initiatives and improved margins have been well-received by the market. In response to these earnings results, Williams Trading adjusted its price target for Shoe Carnival to $22, up from $21, while maintaining a Hold rating on the stock. The adjustment reflects the mixed nature of the earnings report, which showed strong EPS performance alongside weaker revenue figures. These developments highlight the ongoing challenges and opportunities facing Shoe Carnival in the current market environment.

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