December 9, 2016 / 1:19 PM / 8 months ago

BRIEF-Shoe Carnival announces $50 mln share buyback program

1 Min Read

Dec 9 (Reuters) - Shoe Carnival Inc

* Announces new $50 million share repurchase program and declares quarterly cash dividend

* New share repurchase program will replace existing $50 million share repurchase program that was authorized on December 9, 2015

* Purchases under new share repurchase program may be made in open market/through privately negotiated transactions through Dec 31, 2017

* Company intends to fund share repurchase program from cash on hand

* Shoe carnival announces new $50 million share repurchase program and declares quarterly cash dividend Source text for Eikon: Further company coverage: (Bangalore.newsroom@thomsonreuters.com)

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