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Shoe Carnival Declares Quarterly Cash Dividend

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Company to Pay Quarterly Cash Dividend of $0.09 Per Share

EVANSVILLE, Ind.--(BUSINESS WIRE)-- Shoe Carnival, Inc. (Nasdaq: SCVL) (the “Company”), a leading retailer of footwear and accessories for the family, announced today that its Board of Directors has approved the payment of a quarterly cash dividend.

The quarterly cash dividend of $0.09 per share will be paid on October 18, 2022, to shareholders of record as of the close of business on October 4, 2022.

“With strong quarterly earnings by the Company, cash and investments in excess of $100 million and no long-term debt, our Board of Directors continues to enhance shareholder returns with authorization of our quarterly dividend,” commented Mark Worden, Shoe Carnival’s 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.

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 emphasis on national name brands. As of September 23, 2022, the Company operates 395 stores in 35 states and Puerto Rico under its Shoe Carnival and Shoe Station banners and offers shopping at www.shoecarnival.com. Headquartered in Evansville, IN, Shoe Carnival, Inc. trades on The Nasdaq Stock Market LLC under the symbol SCVL. Press releases and annual report are available on the Company's website at www.shoecarnival.com.

W. Kerry Jackson

Shoe Carnival Investor Relations

(812) 867-4034

Source: Shoe Carnival, Inc.

Shoe Carnival, Inc.

NASDAQ:SCVL

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Shoe Stores
Retail Trade
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Retail Trade, Apparel/Footwear Retail, Shoe Stores
US
Evansville

About SCVL

shoe carnival, inc. is a chain of over 400 footwear stores located across the united states. combining value pricing with an entertaining store format, shoe carnival is a leading retailer of name brand and private label footwear for the entire family. shoe carnival is headquartered in evansville, indiana, the third largest city in the state of indiana and the largest city in southern indiana. evansville is ideally located within a 200 mile radius of four major metropolitan cities including indianapolis, nashville, louisville, and st. louis. immediate access to all major forms of transportation makes evansville an expanding location for economic growth and an important factor in indiana’s global economy. in addition to our centralized location, evansville boasts a well-educated workforce, with nearly a quarter of residents above age 25 holding a bachelor’s, master’s, professional, or doctorate degree. as of the 2012 census, evansville had a total population of slightly over 120,000 pe