other material
confidence high
sentiment positive
materiality 0.55
Shoe Carnival authorizes $50M share repurchase program and declares $0.07 dividend
SHOE CARNIVAL INC
- Board authorized new $50M share repurchase program effective Jan 1, 2022, replacing expiring $50M program.
- Quarterly cash dividend of $0.07 per share declared, payable Jan 24, 2022 to holders of record Jan 10, 2022.
- CEO notes company returned over $230M to shareholders in last eight years.
- Repurchases may be made via open market, private transactions, or Rule 10b5-1 plan through Dec 31, 2022.