BUZZ-Shoe Carnival rises on declaring quarterly cash dividend, new share repurchase program
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Shoe Carnival's shares rose 3.2% premarket after announcing a quarterly cash dividend of $0.15 per share and a new $50 million share repurchase program starting January 1, 2026. This new program adds to the existing $50 million program expiring December 31, 2025. Brokerages rate the stock as 'buy' with a median price target of $21.5. Shares are down 44.4% year-to-date.
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