Shoe Carnival Declares Increased Quarterly Cash Dividend and Sets Date for Fourth Quarter 2025 Earnings Release

About this update from Shoe Carnival, Inc.

FORT MILL, S.C.--(BUSINESS WIRE)-- Shoe Carnival, Inc. (Nasdaq: SCVL), a leading retailer of footwear and accessories for the family, announced today the declaration of an increased quarterly cash dividend and the scheduling of its fourth quarter 2025 earnings release. Increased Dividend The Company’s Board of Directors has approved the payment of a quarterly cash dividend of $0.17 per share, representing a quarterly increase of 13.3 percent and an increase in the annualized dividend rate to $0.68 per share. The quarterly cash dividend will be paid on April 20, 2026, to shareholders of record as of the close of business on April 6, 2026. “This year’s dividend increase marks the 12th consecutive year the Company has raised its dividend, with the annualized rate growing from $0.12 to $0.68 per share over that period, representing a compounded annual growth rate of approximately 15.5 percent. The Board’s decision to increase the quarterly dividend demonstrates confidence in our growth strategies and the strength of our balance sheet, which held over $130 million in cash and securities at the end of Fiscal 2025,” commented Cliff Sifford, Shoe Carnival’s Interim President and Chief Executive Officer. Future declarations of dividends are subject to approval of the Board of Directors and will depend on the Company’s results of operations, financial condition, business conditions and other factors deemed relevant by the Board of Directors. Fourth Quarter 2025 Financial Results to be released on March 26, 2026 The Company also set the date and time for its fourth quarter 2025 earnings release. Results will be released on Thursday, March 26, 2026, prior to market open. The Company will host its quarterly conference call at 9:00 a.m. Eastern Time to discuss fourth quarter 2025 results and its outlook for Fiscal 2026. The earnings call will be webcast and can be accessed in the Investors section of Shoe Carnival’s website at www.shoecarnival.com. The online replay of the conference call will be available shortly after the call and will be available for one year. About Shoe Carnival Shoe Carnival, Inc. is one of the nation’s largest family footwear retailers, offering a broad assortment of dress, casual and athletic footwear for men, women and children with an emphasis on national name brands. As of March 9, 2026, the Company operated 426 stores in 35 states and Puert...

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