By Connor Hart
Shoe Carnival increased its dividend to 15 cents a share, up from 13.5 cents.
The new payout, equal to 60 cents a share, represents an annual yield of about 2.7% based on Monday's closing price of $22.37.
The footwear retailer said the higher dividend will be paid on April 21 to shareholders of record as of April 7.
"This marks our 52nd consecutive quarterly dividend and the 11th consecutive year we have increased the dividend," Chief Executive Mark Worden said.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
March 17, 2025 16:30 ET (20:30 GMT)
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