PICKERINGTON, Ohio, Nov. 28, 2012 /PRNewswire/ -- The Board of Directors of accessories marketer R.G. Barry Corporation (Nasdaq: DFZ) today announced a 12.5% increase in the Company's quarterly cash dividend, from $0.08 per share to $0.09 per share, or $0.36 per share on an annual basis.
In addition, the Board declared an accelerated dividend of $0.09 per share payable on Dec. 28, 2012 to shareholders of record on Dec. 14, 2012. The payment of this dividend is intended by the Board to be in lieu of the quarterly dividend that would have been paid in March 2013. The next quarterly dividend, if declared by the Board, is expected to be paid in June 2013.
"Sharing the Company's success with its all of shareholders is an important element in our present and future success," said Chairman of the Board Gordon Zacks. "We believe our policy of gradually increasing dividends while conserving adequate resources to support management's strategies for growth through innovation, diversification and acquisition is one of the most critical elements for our continuing success."
This marks the third increase in quarterly dividends since the Company's dividend policy was implemented in 2009.
The Company has approximately 11.3 million shares outstanding.
About RG Barry RG Barry creates and markets great accessories brands and fashionable, solution-oriented products that make life better. Our primary brands include: Dearfoams slippers dearfoams.com; baggallini handbags, totes and travel accessories baggallini.com; and Foot Petals premium insoles and comfort products footpetals.com. To learn more, visit us at rgbarry.com.
SOURCE R.G. Barry Corporation