Shoe Carnival, Inc. (SCVL) said Friday that its Board of Directors has approved the payment of a quarterly cash dividend to shareholders.
The initial quarterly cash dividend of $0.05 per share will be paid on July 16 to shareholders of record as of the close of business on July 2.
"The payment of a quarterly dividend reflects our financial strength and commitment to increasing shareholder value and total shareholder return," said Mark Lemond, Shoe Carnival's President and Chief Executive Officer.
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