10 Dividend Paying Stocks Insiders Are Buying

7. Shoe Carnival, Inc. (NASDAQ:SCVL)

Change in Insider Ownership: 5.87%

Dividend Yield: 3.48%

Operating from its headquarters in Indiana, a family footwear retailer, Shoe Carnival, Inc. (NASDAQ:SCVL) offers value-priced shoes, accessories, and athletic wear through its 400+ stores and e-commerce platform. The company primarily targets consumers who prioritize affordability across the U.S. and Puerto Rico. In Shoe Carnival, Inc. (NASDAQ:SCVL), the focus is on in-store experience, promotional pricing, and regional assortment, which provides the company with a competitive edge over other players. Their inventory agility also supports differentiation in the fragmented footwear retail market amid consumer behavior sensitive to inflation rates.

In the fiscal year 2024, Shoe Carnival, Inc. (NASDAQ:SCVL) saw a 2.3% growth, reaching a revenue of $1.2 billion. However, the comparable store sales for the fourth quarter experienced a 6.3% decline because of non-event periods. Meanwhile, the Shoe Station banner incurred a 5.7% industry-leading growth, with a successful entry into new markets. In addition to this growth, the acquisition of Rogan Shoes is also receiving broad appreciation as the transfer is yielding profitable results ahead of schedule. With a plan to scale Shoe Station internationally, the company anticipates the 2025 revenue to be between $1.15 billion and $1.23 billion.

With a change in insider ownership of 5.87%, Shoe Carnival, Inc. (NASDAQ:SCVL) attracts investors seeking top dividend stocks with high insider interest. However, the dividend yield of 3.48% is comparatively lower than many other entrants on our list.