06.01.2014 23:10:02

Shoe Carnival Extends Share Repurchase Program

(RTTNews) - Footwear retailer Shoe Carnival, Inc. (SCVL) said Monday that its Board of Directors extended the expiration date of its existing $25.0 million share repurchase program to December 31, 2014.

The repurchase program was originally approved by the company's Board of Directors on August 23, 2010.

The company said it has funded, and will continue to fund, the share repurchase program from cash on hand. As of January 6, $20.3 million of the authorization was available for future repurchases.

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Shoe Carnival Inc. 34,27 -0,26% Shoe Carnival Inc.