Steven Madden Declares $0.21 Quarterly Dividend, Payable March 20
Steven Madden, Ltd., a global footwear and accessories company, declared a quarterly cash dividend of $0.21 per share. The dividend is payable March 20, 2026 to shareholders of record as of March 11, 2026.
Steven Madden, Ltd. (NASDAQ: SHOO), a designer and marketer of fashion footwear and accessories, declared a quarterly cash dividend of $0.21 per share on February 25, 2026. The dividend is payable March 20, 2026 to shareholders of record as of the close of business on March 11, 2026. Read more dividend announcements.
The company's board of directors approved the distribution concurrent with the release of fourth-quarter and full-year 2025 financial results.
| Dividend Details | Date |
|---|---|
| Amount per Share | $0.21 |
| Record Date | March 11, 2026 |
| Payment Date | March 20, 2026 |
| Frequency | Quarterly |
Fourth Quarter Financial Performance
Steven Madden reported direct-to-consumer revenue of $316.6 million in the fourth quarter of 2025, an increase of 79.9% compared to the same period in 2024. Excluding the Kurt Geiger business, direct-to-consumer revenue increased 1.6%.
Wholesale revenue gross profit margin was 31.5% in the fourth quarter, compared to 30.5% a year earlier. The increase was driven by the addition of Kurt Geiger, partially offset by the impact of new tariffs on goods imported into the United States.
Direct-to-consumer gross profit margin was 57.7%, down from 62.0% in the fourth quarter of 2024. Adjusted gross profit margin for the direct-to-consumer segment was 59.8%, reflecting the addition of Kurt Geiger's concessions business and tariff impacts.
Balance Sheet and Capital Allocation
As of December 31, 2025, Steven Madden had total debt outstanding of $234.2 million and cash and cash equivalents of $112.4 million, resulting in net debt of $121.7 million.
The company did not repurchase shares in the open market during 2025. It spent $5.2 million in the fourth quarter and $13.5 million for the full year on shares acquired through net settlement of employee stock awards.
The company operated 399 brick-and-mortar retail stores at quarter end, including 98 outlets, along with seven e-commerce websites and 133 company-operated concessions in international markets.
2026 Outlook
Steven Madden projects revenue will increase 9% to 11% in 2026 compared to 2025. The company declined to provide earnings guidance, citing uncertainty related to recent tariff policy developments in the United States.
Steven Madden designs, sources and markets fashion footwear, accessories and apparel under multiple brands including Steve Madden, Kurt Geiger London, Dolce Vita, Betsey Johnson, Carvela, Blondo and ATM. The company also licenses footwear and accessories for the Anne Klein brand and produces private label products for various retailers.