Shoe Carnival (SCVL) will raise its quarterly dividend by 5.9 percent to $0.09 per share in 2020. Last year the dividend was also raised by $0.005 to $0.085 per share by the retailer of moderately priced footwear and accessories.

The next dividend will be paid on July 20, 2020, to shareholders of record as of the close of business on July 6, 2020. A new annual rate of 36 cents per share yields 1.3% at a stock price of 27.21.

Shoe Carnival, Inc. is a family footwear retailer, 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. The company operates stores in The United States and Puerto Rico. Shoe Carnival went public in 1993 and has paid a dividend every year since 2012.