K•Swiss Inc announced that the Board of Directors has declared a quarterly cash dividend of $0.05 per share for the fourth quarter ending December 31, 2006.
The dividend, which equates to an annualized rate of $0.20 per share, is payable on January 15, 2007, to shareholders of record as of December 29, 2006.
K•Swiss Inc designs, develops and markets an array of athletic footwear for high performance sports use, fitness activities and casual wear under the K•Swiss brand.
The Company also designs and manufactures footwear under the Royal Elastics brand. Royal Elastics, a wholly owned subsidiary, is the leading innovator of slip-on, laceless footwear.
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