Shoe Carnival, Inc. (SCVL) To Go Ex-Dividend on July 8th

Shoe Carnival, Inc. (NASDAQ:SCVLGet Free Report) declared a quarterly dividend on Tuesday, June 25th, Zacks reports. Shareholders of record on Monday, July 8th will be given a dividend of 0.135 per share on Monday, July 22nd. This represents a $0.54 annualized dividend and a yield of 1.51%. The ex-dividend date of this dividend is Monday, July 8th.

Shoe Carnival has increased its dividend payment by an average of 32.8% annually over the last three years and has raised its dividend every year for the last 13 years. Shoe Carnival has a payout ratio of 17.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Shoe Carnival to earn $2.98 per share next year, which means the company should continue to be able to cover its $0.54 annual dividend with an expected future payout ratio of 18.1%.

Shoe Carnival Stock Performance

SCVL opened at $35.77 on Friday. The stock has a 50-day moving average of $36.21 and a 200-day moving average of $32.58. Shoe Carnival has a 52-week low of $19.87 and a 52-week high of $39.65. The company has a market cap of $971.51 million, a PE ratio of 13.20 and a beta of 1.49.

Shoe Carnival (NASDAQ:SCVLGet Free Report) last posted its earnings results on Thursday, May 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.04. The business had revenue of $300.37 million for the quarter, compared to analyst estimates of $292.38 million. Shoe Carnival had a net margin of 6.20% and a return on equity of 13.02%. On average, research analysts predict that Shoe Carnival will post 2.65 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on SCVL. Williams Trading upgraded Shoe Carnival from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research note on Friday, March 22nd. Monness Crespi & Hardt lowered Shoe Carnival from a “buy” rating to a “neutral” rating in a research note on Tuesday, March 19th.

Get Our Latest Stock Analysis on SCVL

Insider Activity

In other Shoe Carnival news, Director Andrea R. Guthrie sold 2,467 shares of the firm’s stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $32.46, for a total value of $80,078.82. Following the transaction, the director now directly owns 20,106 shares of the company’s stock, valued at $652,640.76. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 34.70% of the company’s stock.

Shoe Carnival Company Profile

(Get Free Report)

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.

See Also

Dividend History for Shoe Carnival (NASDAQ:SCVL)

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