50% Increase in 3rd Quarter Dividend for K-Swiss
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The board of directors for K-Swiss in Westlake Village has declared a quarterly cash dividend of 1.5 cents per share for the third quarter ended Sept. 30.
The dividend, which equates to an annual rate of 6 cents per share, is payable Oct. 15 to shareholders of record as of Sept. 30. The quarterly dividend rate represents a 50% increase over the prior year.
In February the company announced a two-for-one stock split and a subsequent increase in the quarterly dividend from 1 cent to 1.5 cents per share effective with the first quarter.
K-Swiss designs and markets athletic footwear.
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