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SHOE CARNIVAL DECLARES THREE FOR TWO SPLIT

 EVANSVILLE, Ind., Sept. 24 /PRNewswire/ -- Shoe Carnival, Inc. (NASDAQ: SCVL) today announced a three for two stock split to be effected by payment of a 50 percent stock dividend to shareholders of record at the close of business on Friday, Oct. 8, 1993. The dividend will be paid on Friday, Oct. 22, 1993.
 David H. Russell, president and CEO of the Shoe Carnival, said, "This is the first dividend of any kind which the Shoe Carnival has paid as a public company. It is an expression of our confidence in the company's business and our expectations for the future." Russell added, "The Shoe Carnival expects to continue reinvesting its earnings to support future growth and has no current plans to pay a cash dividend."
 Shoe Carnival is a high volume, value oriented retailer of family footwear currently operating a chain of 50 stores in 13 states predominantly in the Midwest and Midsouth.
 -0- 9/24/93
 /CONTACT: Mark L. Lemond, executive vice president and chief financial officer of Shoe Carnival, 812-867-4034/
 (SCVL)


CO: Shoe Carnival, Inc. ST: Indiana IN: REA SU: DIV

KL-BM -- CL008 -- 5396 09/24/93 11:57 EDT
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Publication:PR Newswire
Date:Sep 24, 1993
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