Shoe Carnival, Inc. (SCVL), a retailer of footwear and accessories, on Friday announced a new share repurchase program for up to $50 million, effective from January 1 through December 31, 2026.
The company said the new authorization will replace its existing $50 million buyback program, which is set to expire on December 31, 2025.
Additionally, the company's Board of Directors approved a dividend of $0.15 per share, payable on January 26, 2026, to shareholders of record as of January 12.
Shoe Carnival shares rose more than 3% in pre-market trading after closing at $18.39 on Thursday, up 0.88%.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.