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Achieving Growth and Investor Rewards: Shoe Carnival Flourishes with Strong Performance and Rising Profits

Author: Benzinga Insights | January 22, 2024 11:05am

Today, January 22, 2024, Shoe Carnival (NASDAQ:SCVL) will distribute a dividend payout of $0.12 per share, highlighting an annualized dividend yield of 1.64%. Shareholders who owned the stock before the ex-dividend date on January 05, 2024 will be eligible for this payout.

Shoe Carnival Recent Dividend Payouts

Ex-Date Payments per year Dividend Yield Announced Record Payable
2024-01-05 4 $0.12 1.64% 2023-12-18 2024-01-08 2024-01-22
2023-10-02 4 $0.12 2.15% 2023-09-21 2023-10-03 2023-10-17
2023-07-03 4 $0.1 1.76% 2023-06-22 2023-07-05 2023-07-19
2023-03-31 4 $0.1 1.71% 2023-03-22 2023-04-03 2023-04-17
2023-01-06 4 $0.09 1.5% 2022-12-15 2023-01-09 2023-01-23
2022-10-03 4 $0.09 1.71% 2022-09-23 2022-10-04 2022-10-18
2022-07-08 4 $0.09 1.49% 2022-06-24 2022-07-11 2022-07-25
2022-04-01 4 $0.09 1.15% 2022-03-16 2022-04-04 2022-04-18
2022-01-07 4 $0.07 0.74% 2021-12-20 2022-01-10 2022-01-24
2021-10-01 4 $0.07 0.8% 2021-09-17 2021-10-04 2021-10-18
2021-07-02 4 $0.14 0.82% 2021-06-14 2021-07-06 2021-07-19
2021-04-01 4 $0.14 1.01% 2021-03-19 2021-04-05 2021-04-19

With a dividend yield that places it neither at the top nor the bottom, Shoe Carnival finds itself in the middle among its industry peers, while Guess (NYSE:GES) boasts the highest annualized dividend yield at 5.32%.

Analyzing Shoe Carnival Financial Health

Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.

YoY Growth in Dividend Per Share

dividend chart graph

Investors witnessed an upward trajectory in the company's dividend per share between 2020 and 2023. The dividend per share rose from $0.36 to $0.44, indicating the company's dedication to enhancing shareholder value through increased dividends.

YoY Earnings Growth For Shoe Carnival

earning chart graph

From 2020 to 2023, Shoe Carnival experienced a growth in earnings per share, with an increase from $0.42 to $2.90. This positive earnings trend indicates the company's potential to enhance their cash dividend payout, which can benefit income-seeking investors.

Recap

This article takes an in-depth look at Shoe Carnival's recent dividend payout and its implications for shareholders. The company is currently distributing a dividend of $0.12 per share today, translating to an annualized dividend yield of 1.64%.

With a dividend yield that places it neither at the top nor the bottom, Shoe Carnival finds itself in the middle among its industry peers, while Guess boasts the highest annualized dividend yield at 5.32%.

Given that Shoe Carnival has experienced an increase in dividend per share from 2020 to 2023 along with an increase in earnings per share, it could signal that the company is in good financial standing and that they could be positioned to continue distributing their profits back to their investors.

It is advisable for investors to monitor the company's performance in the coming quarters to stay in the loop about any adjustments in financials or dividend disbursements.

[See current stock movements Shoe Carnival on Benzinga.](https://www.benzinga.com/quote/Shoe Carnival (NASDAQ: SCVL))

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Posted In: GES SCVL

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