Cherokee Inc, a leading licensor and global brand management company, announced that its Board of Directors has approved the distribution of a quarterly dividend to shareholders of $0.75 per share. The dividend will be payable on or about September 15, 2007 to shareholders of record on September 1, 2007.
The payment of any future dividends will be at the discretion of Cherokee's Board of Directors and will be dependent upon Cherokee's financial condition, results of operations, available cash, cash flow, capital requirements and other factors deemed relevant by Cherokee's Board of Directors.
Cherokee Inc., based in Van Nuys, is a marketer, licensor and manager of a variety of brands it owns and represents. Currently, Cherokee has licensing agreements in a number of categories, including family apparel, fashion accessories and footwear, as well as home furnishings and recreational products.
marketing@alchempro.com
