Tennis shoes marketer K-Swiss BOD approves Q3 cash dividend
03 Aug '05
1 min read
K-Swiss Inc Board of Directors (BOD) has declared a quarterly cash dividend of $0.05 per share for the third quarter ending September 30, 2005.
The dividend, which equates to an annualized rate of $0.20 per share, is payable on October 14, 2005, to shareholders of record as of September 30, 2005.
Westlake Village based K-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.
The Company 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.
Tennis shoes, footwear and gear selling company seller K-Swiss was founded by two Swiss brothers who became avid tennis players after moving to Southern California. In 1966, they introduced the K-Swiss "Classic," the first all-leather tennis shoe with a one-piece rubber outsole, reinforced toe-design, five-stripe bands on each side, and D-Ring lacing system.