Shoe Carnival Inc. (NAS:SCVL) 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 (S&P:SPX) has gained 23% for the period.
Dec. 20, 2021, 6:58 a.m. EST