Shoe Carnival announces dividend, share repurchase program

Board of directors at Shoe Carnival, Inc. has authorized a new share repurchase program for up to 50 million dollars of its outstanding common stock, effective January 1, 2019. In addition, the company said in a statement that its board approved the payment of a quarterly cash dividend of 8 cents per share to be paid on January 28, 2019, to shareholders of record as of the close of business on January 14, 2019.