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Dec. 20, 2021, 6:58 a.m. EST

Shoe Carnival announces $50 million share repurchase program

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By Tonya Garcia

Shoe Carnival Inc. /zigman2/quotes/203407380/composite SCVL -1.34% said Monday that its board has approved a new $50 million share repurchase program, effective Jan. 1, 2022. The new program will replace a previous $50 million program authorized in December 2020. The company also announced a dividend of 7 cents per share payable to shareholders of record as of Jan. 10, 2022 on Jan. 24, 2022. Shoe Carnival stock has nearly doubled, up 93.8%, for the year, while the S&P 500 index /zigman2/quotes/210599714/realtime SPX +0.21% has gained 23% for the period.

/zigman2/quotes/203407380/composite
US : U.S.: Nasdaq
$ 25.71
-0.35 -1.34%
Volume: 62,892
Aug. 18, 2022 12:13p
P/E Ratio
5.35
Dividend Yield
1.39%
Market Cap
$718.93 million
Rev. per Employee
$227,494
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/zigman2/quotes/210599714/realtime
US : S&P US
4,282.93
+8.89 +0.21%
Volume: 2.22B
Aug. 18, 2022 12:13p
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