Shoe Carnival Announces Quarterly Dividend Increase

The footwear retailer will pay a higher dividend to shareholders on April 20th.

Published on Mar. 11, 2026

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Shoe Carnival, Inc. (NASDAQ:SCVL) announced that it will be increasing its quarterly dividend payment to $0.17 per share, up from the previous $0.15 per share. The ex-dividend date is set for April 6th, and the new dividend will be payable on April 20th. This represents a 13.3% increase in the company's dividend.

Why it matters

Shoe Carnival's dividend increase signals confidence in the company's financial performance and its ability to continue generating strong cash flows to support shareholder returns. As a publicly traded retailer, Shoe Carnival's dividend policy is closely watched by investors as an indicator of the company's health and growth prospects.

The details

The new $0.17 per share quarterly dividend represents an annualized dividend of $0.60 and a dividend yield of 3.6% based on the company's current stock price. Shoe Carnival has raised its dividend for 14 consecutive years, with an average annual increase of 0.3% over the last three years. The company's payout ratio is expected to be a sustainable 20.5% of next year's projected earnings of $2.93 per share.

  • The ex-dividend date is set for Monday, April 6th, 2026.
  • The new $0.17 per share dividend will be payable on Monday, April 20th, 2026.

The players

Shoe Carnival, Inc.

A U.S.-based specialty retailer offering a broad assortment of footwear, apparel and accessories for the entire family. The company operates over 350 retail locations across more than 30 states.

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What’s next

Investors who own Shoe Carnival shares on the April 6th ex-dividend date will be eligible to receive the new $0.17 per share dividend payment on April 20th.

The takeaway

Shoe Carnival's dividend increase demonstrates the company's financial strength and commitment to rewarding shareholders. The higher payout aligns with the retailer's strategy of delivering value and variety to its customers through its network of stores and e-commerce platform.