Weyco Group, Inc., which owns the Bogs and Rafters outdoor footwear brands, joined the parade of publicly traded companies accelerating their dividend payouts to avoid a potential increase in capital gains taxes in 2013.
The Milwaukee company said it would accelerate its second quarter 2013 regular cash dividend of 17 cents per share by paying it on Dec. 31, 2012 to all shareholders of record on Dec. 21.
“Due to potential changes in the tax law in 2013, we have decided to accelerate the quarterly cash dividends that would typically have been paid in January and April of 2013,” said Thomas W. Florsheim, Jr. Chairman and CEO. “We plan on returning to our regular quarterly dividend payment schedule beginning in July 2013.”
Weyco Group, Inc., designs and markets quality and innovative footwear for men, women and children under a portfolio of well-recognized brand names including: Florsheim, Nunn Bush, Stacy Adams, Bogs, Rafters and Umi.
