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Shoe Carnival Declares Increased Quarterly Cash Dividend

1. Shoe Carnival approved a quarterly dividend increase of 11.1%. 2. The new annualized dividend rate is $0.60 per share.

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FAQ

Why Bullish?

The dividend increase indicates strong financial health, similar to past increases which drove stock price growth. Companies that consistently raise dividends often see positive reactions from investors, reflecting confidence in future earnings.

How important is it?

Dividends are a key factor for many investors and can influence buying behavior. Given the increase and investors' tendencies to favor reliable dividend payers, this news is likely to affect SCVL's stock positively.

Why Short Term?

The announcement of a dividend increase typically leads to immediate positive market reactions. This impact usually materializes around the dividend payment date.

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NKEADBEFL
EVANSVILLE, Ind.--(BUSINESS WIRE)--Shoe Carnival, Inc. (Nasdaq: SCVL) (the “Company”), a leading retailer of footwear and accessories for the family, announced today that its Board of Directors has approved the payment of a quarterly cash dividend of $0.15 per share, representing a quarterly increase of 11.1 percent and an increased annualized dividend rate to $0.60 per share. The quarterly cash dividend will be paid on April 21, 2025, to shareholders of record as of the close of business on Ap.

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