Shoe Carnival: Dividend Insights
Portfolio Pulse from Benzinga Insights
Shoe Carnival (NASDAQ:SCVL) announced a quarterly dividend of 12 cents per share, with the ex-dividend date set for Friday. Shareholders owning SCVL stock by the end of Thursday are eligible for the dividend, which will be paid on January 22, 2024. The stock is expected to open 12 cents lower on the ex-dividend date.
January 02, 2024 | 2:45 pm
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Shoe Carnival is set to pay a quarterly dividend of 12 cents per share, with shares likely to open lower by the same amount on the ex-dividend date.
The stock price of SCVL is likely to decrease in the short term by the amount of the dividend, as stocks typically drop by the dividend amount on the ex-dividend date. This is a common occurrence and is usually priced in by the market. The importance is significant for dividend investors and those looking to establish a position before the dividend payout. The confidence level is high due to the predictable nature of ex-dividend price adjustments.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100