Wolverine World Wide, Inc. Increases Quarterly Dividend

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Feb 11, 2011, 03:58 ET

ROCKFORD, Mich., Feb. 11, 2011 /PRNewswire/ -- Directors of Wolverine World Wide, Inc. (NYSE: WWW) declared a quarterly cash dividend increase of $0.12 per share of common stock, representing a 9.1% increase over the previous quarterly dividend. The dividend is payable on May 2, 2011 to stockholders of record on April 1, 2011 and reflects an indicated annual dividend of $0.48 per share.

Commenting on the increase, Blake W. Krueger, the Company's Chairman and Chief Executive Officer, stated, "The dividend increase reflects Wolverine World Wide's continued strong cash generation and our commitment to sharing our cash flow with shareholders."

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 and apparel. The Company's portfolio of highly recognized brands includes: Bates®, Chaco®, Cushe™, Hush Puppies®, HYTEST®, Merrell®, Sebago® and Wolverine®. The Company also is the exclusive footwear licensee of the well-known brands CAT®, Harley-Davidson® and Patagonia®. The Company's products are carried by leading retailers in the U.S. and globally in 180 countries and territories. For additional information, please visit our website, www.wolverineworldwide.com.

SOURCE Wolverine World Wide, Inc.