Shoe Carnival Increases Quarterly Cash Dividend By 20% From $0.10 To $0.12 Per Share
Portfolio Pulse from Benzinga Newsdesk
Shoe Carnival has announced a 20% increase in its quarterly cash dividend from $0.10 to $0.12 per share. The dividend will be paid on October 17, 2023, to shareholders of record as of the close of business on October 3, 2023.
September 21, 2023 | 8:17 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Shoe Carnival's decision to increase its quarterly cash dividend by 20% could be seen as a positive signal by investors, potentially leading to a short-term increase in the stock price.
Dividend increases are often viewed positively by investors as they indicate a company's strong financial health and commitment to returning capital to shareholders. This could lead to increased demand for the stock, potentially driving up the price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100