Shoe Carnival (NASDAQ:SCVL), a prominent retailer of footwear and accessories, today announced capital allocation measures, including a new share repurchase program and the declaration of its regular quarterly cash dividend.
The company's Board of Directors authorized a new share repurchase program for up to $50 million of its outstanding common stock.
This new program is scheduled to become effective on January 1, 2026, and will replace an existing $50 million share repurchase program that is set to expire on December 31, 2025.
The company noted that additional purchases may still be made under the current expiring program before the end of the year.
Additionally, the Board approved the payment of a regular quarterly cash dividend of $0.15 per share.
The dividend will be paid on January 26, 2026, to shareholders of record as of the close of business on January 12, 2026.
These actions underscore Shoe Carnival’s ongoing commitment to enhancing shareholder value through both direct cash returns (dividends) and capital structure management (share repurchases).