The Finish Line, Inc. announced that its board of directors has approved an increase in the company's quarterly cash dividend from 5 cents to 6 cents per share of outstanding Class A and Class B common stock. The quarterly cash dividend will be payable Mar. 19, 2012 to shareholders of record as of Mar. 2, 2012.
“Our company's strategic plan is focused on growing the Finish Line brand business through aggressive expansion of digital as well as enhanced productivity in our stores,” said Chairman and Chief Executive Officer Glenn Lyon. “In addition, we are pursuing our next leg of growth outside of Finish Line by developing the specialty running market, which represents a significant opportunity for incremental growth. Across all of our business segments, our focus is on continuing to strengthen customer relationships in today's omni-channel environment where our customers experience our brand through digital, mobile, our stores and social media all at the same time. Ultimately, our goal as a company is to put the customer at the center of all we do. By doing that, we will drive results and continue to return cash to shareholders as we are doing today with the 20 percent dividend increase.”