Wolverine Worldwide Declares Quarterly Dividend

Rhea-AI Summary

On July 29, 2020, Wolverine World Wide announced a quarterly cash dividend of $0.10 per share, payable on November 2, 2020, to stockholders of record on October 1, 2020. This dividend maintains the previous quarterly amount, indicating an annual dividend of $0.40 per share. Wolverine Worldwide, a leading marketer of various footwear and apparel brands, has a rich history dating back to 1883 and operates in approximately 170 countries.

Positive

• Quarterly cash dividend of $0.10 per share reflects company stability.
• Indicated annual dividend of $0.40 per share demonstrates commitment to return income to shareholders.

Negative

• None.

ROCKFORD, Mich., July 29, 2020 (GLOBE NEWSWIRE) -- Wolverine World Wide, Inc. (NYSE: WWW) today announced that its Board of Directors has declared a quarterly cash dividend of $0.10 per share of common stock.  The dividend is payable on November 2, 2020, to stockholders of record on October 1, 2020.  The dividend is equal to the last quarterly dividend and reflects an indicated annual dividend of $0.40 per share.

ABOUT WOLVERINE WORLDWIDE
Founded in 1883 on the belief in the possibility of opportunity, Wolverine World Wide, Inc. (NYSE:WWW) is one of the world’s leading marketers and licensors of branded casual, active lifestyle, work, outdoor sport, athletic, children's and uniform footwear and apparel. Through a diverse portfolio of highly recognized brands, our products are designed to empower, engage and inspire our consumers every step of the way. The company’s portfolio includes Merrell®, Sperry®, Hush Puppies®, Saucony®, Wolverine®, Keds®, Stride Rite®, Chaco®, Bates®, and HYTEST®. Wolverine Worldwide is also the global footwear licensee of the popular brands Cat® and Harley-Davidson®. Based in Rockford, Michigan, for more than 130 years, the company's products are carried by leading retailers in the U.S. and globally in approximately 170 countries and territories. For additional information, please visit our website, www.wolverineworldwide.com.

CONTACT:  Mike Stornant
(616) 866-5728

FAQ

What is the dividend amount declared by Wolverine World Wide in July 2020?

Wolverine World Wide declared a dividend of $0.10 per share.

When is the dividend payable to stockholders?

The dividend is payable on November 2, 2020.

What is the record date for the dividend payment?

The record date for the dividend payment is October 1, 2020.

What is the annual dividend amount based on the recent announcement?

The recent announcement reflects an indicated annual dividend of $0.40 per share.