Shoe Carnival Unveils $50 Million Repurchase Initiative and Shareholder Reward Program

Footwear and accessories retailer Shoe Carnival, Inc. (SCVL) has unveiled an expanded capital return strategy, including a fresh $50 million share repurchase authorization spanning the full calendar year 2026. The new buyback program, which takes effect January 1 and concludes December 31, 2026, supersedes the company’s current repurchase authorization set to expire at year-end 2025.

In tandem with the repurchase initiative, Shoe Carnival’s Board of Directors approved a cash dividend distribution of $0.15 per share. Shareholders of record as of January 12, 2026, will receive their dividend payments on January 26, 2026. This dual approach—combining share repurchases with direct dividend payments—reflects management’s confidence in the company’s financial position and commitment to returning value to investors.

The market responded positively to Shoe Carnival’s announcements. Trading activity on Friday morning showed the retailer’s stock gaining over 3%, building on Thursday’s close of $18.39, which already represented a 0.88% advance for the session. The uptick suggests investor appetite for the company’s capital allocation decisions and shareholder-friendly policies.

The $50 million repurchase authorization represents a significant commitment to reducing share count and potentially enhancing earnings per share metrics going forward. Combined with the regular dividend payment schedule, the program demonstrates a balanced approach to capital management that serves both long-term shareholders and near-term income investors.

Disclaimer: The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.