Shoe Carnival (SCVL) will raise its quarterly dividend by 7.1 percent to $0.075 per share.

The quarterly cash dividend of $0.075 per share will be paid on July 17, 2017, to shareholders of record as of the close of business on July 3, 2017. “We are pleased to announce the Board’s decision to once again increase our quarterly cash dividend, which aligns with our ongoing goal of enhancing total return to our shareholders and reflects our expectation for continued generation of free cash-flow,” stated Cliff Sifford, Shoe Carnival’s President and Chief Executive Officer.

Shoe Carnival, Inc. is a family footwear retailers, offering a broad assortment of moderately priced dress, casual and athletic footwear for men, women and children with emphasis on national and regional name brands.