LaCrosse Footwear, Inc., a provider of branded work and outdoor footwear, today announced that its Board of Directors has approved a special dividend of one dollar ($1.00) per share of common stock.
In addition, a quarterly dividend of twelve and one-half cents ($0.125) per share of common stock has also been approved.
The Board has decided to implement a quarterly dividend policy (instead of the annual dividend policy as the company has historically declared) commencing in the first quarter of 2008.
These dividends will be paid together ($1.125) on March 18, 2008, to shareholders of record as of the close of business on February 22, 2008.
“Todays action by our Board of Directors reflects our continued confidence in the Companys future as well as our commitment to consistently providing increasing value to our shareholders,” said Joseph P. Schneider, president and CEO of LaCrosse Footwear, Inc. “Additionally, it demonstrates further recognition of the strong financial results our Company has achieved in recent years.”
