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
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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.
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