The Board of Directors of footwear retailer Brown Shoe Company Inc has declared a quarterly dividend of 8 cents per share, payable July 3rd 2006 to shareholders of record on June 16th 2006.
This dividend will be the 334th consecutive quarterly dividend paid by the company.
Note: On April 3rd 2006 Brown Shoe Common Stock split 3-for-2, with shareholders receiving a stock dividend of one share of the company's Common Stock for every two shares outstanding. Simultaneously, the Board approved a 20 percent increase in its quarterly cash dividend, raising the post-split cash dividend from $0.067 per share to $0.08 per share.
Brown Shoe is a $2.3 billion footwear company with global operations. It operates the 950+ store Famous Footwear chain, which sells brand name shoes for the family. It also operates 300+ specialty retail stores in the US and Canada under the Naturalizer, FX LaSalle and Via Spiga names, and Shoes.com, the company's e-commerce subsidiary.
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