Footwear designer K-Swiss Inc announced that its Board of Directors has declared a quarterly cash dividend of $0.05 per share for the first quarter ending March 31, 2006.
The dividend, which equates to an annualized rate of $0.20 per share, is payable on April 14, 2006, to shareholders of record as of March 31, 2006.
Swiss Inc designs, develops and markets an array of athletic footwear for high performance sports use, fitness activities and casual wear under the K-Swiss brand. It also designs and manufactures footwear under the Royal Elastics brand.
Royal Elastics, a wholly owned subsidiary, is the leading innovator of slip-on, laceless footwear. Elastics, a wholly owned subsidiary, is the leading innovator of slip-on, laceless footwear.