Shoe Carnival ups quarterly cash dividend by 7 percent

Shoe Carnival’s board of directors has approved a 7 percent increase in its quarterly cash dividend. The company said, the quarterly cash dividend of 0.075 dollar per share will be paid on July 17, 2017, to shareholders of record as of the close of business on July 3, 2017.

“We are pleased to announce the board’s decision to once again increase our quarterly cash dividend, which aligns with our ongoing goal of enhancing total return to our shareholders and reflects our expectation for continued generation of free cash-flow,” stated Cliff Sifford, Shoe Carnival’s President and CEO in a media statement.

Based in Evansville, IN, Shoe Carnival operates 417 stores in 35 states and Puerto Rico.

Picture:Facebook/Shoe Carnival