The Finish Line, Inc. announced that its board of directors has declared a quarterly cash dividend of $0.08 per share of outstanding common stock.
This represents a $0.01 per share or 14% increase over the previous dividend paid by the Company. The quarterly cash dividend will be payable on March 17, 2014 to shareholders of record as of February 28, 2014.
“The board’s authorization of this increase in our quarterly dividend affirms our commitment to provide direct returns to our shareholders,” said Chairman and Chief Executive Officer Glenn Lyon.
“Our focus on the customer through omni-channel investments, as well as our continued growth strategies with Macy’s and the Running Specialty Group, benefits our shareholders.”
About The Finish Line, Inc.
The Finish Line, Inc. is a premium retailer of athletic shoes, apparel and accessories. Headquartered in Indianapolis, Finish Line has 656 stores in malls across the U.S., manages the athletic footwear inventory in 655 Macy’s stores including 198 branded or staffed shops, and employs more than 13,000 sneakerologists who help customers every day connect with their sport, their life and their style.