Footwear maker Wolverine World Wide Inc declared a quarterly cash dividend increase of 15.4 percent to $.075 per share of common stock.
The dividend is payable on May 1, 2006 to stockholders of record on April 3, 2006 and represents a $.30 per share annual dividend.
Commenting on the increase, Timothy J O'Donovan, the Company's Chairman and CEO, stated, "The dividend increase demonstrates Wolverine's commitment to maximizing shareholder return and reflects their strong cash generation and operating results.
This action marks the Company's thirteenth consecutive year of double digit dividend increases."
With a commitment to service and product excellence, Wolverine World Wide, Inc is one of the world's leading marketers of branded casual, active lifestyle, work, outdoor sport and uniform footwear.
marketing@alchempro.com
