Shoe Carnival declares special dividend of $1.00 per share Shoe Carnival announced that its Board of Directors has approved the payment of a quarterly cash dividend and a special cash dividend. The quarterly cash dividend of 5c per share and the special cash dividend of $1.00 per share will be paid on December 28 to shareholders of record as of the close of business on December 17.
Shoe Carnival announces New $25M share repurchase program Shoe Carnival announced that on December 11 its board of directors authorized a new share repurchase program for up to $25M of its outstanding common stock, effective January 1, 2015. The new share repurchase program replaces the existing $25M share repurchase program that was authorized in August 2010, which will expire in accordance with its terms on December 31, 2014. There is currently $12.8M that remains authorized for repurchases under the existing share repurchase program. No further purchases will be made under the existing share repurchase program prior to its expiration, the company said.