Shoe Carnival issues 49th consecutive quarterly dividend
The US-based footwear retailer has announced that its Board of Directors has approved the payment of a quarterly cash dividend for the 49th consecutive quarter
Shoe Carnival detailed that the quarterly cash dividend of 0.135 US dollars per share is payable on the 22nd of July to shareholders of record at the close of business on the past 8th of July.
“This marks our 49th consecutive quarterly dividend and we continue to generate solid cash flow, funding our operations with no debt”, said Mark Worden, Shoe Carnival’s President and Chief Executive Officer.
He continued, “given our strong capital and liquidity management, we are well positioned to further increase shareholder returns, execute our growth strategies, and achieve our vision to be the nation’s leading family footwear retailer”.
Image Credits: insideindianabusiness.com
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