Shoe Carnival (SCVL) in Pivotal Point Check: Stock Buybacks & Dividend - 50 million USD Buyback Program and "One Banner Strategy" Accelerate Earnings per Share!
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New stock buyback program worth 50 million USD. Quarterly cash dividend of 0.15 USD per share marks the 55th consecutive dividend payment. The measures are enabled by a debt-free balance sheet and high liquidity. The US retailer of shoes and accessories has provided positive news on Friday, December 12, leading to a significant rise of over 7% in the stock price. The reason for the upswing was the approval of a new stock buyback program worth 50 million USD, as well as the declaration of a quarterly dividend. Shoe Carnival announced...
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