Jarden Corporation, which owns Berkley, The Coleman Co., K2, Marmot, Penn, Rawlings, Shakespeare and Volkl brands, increased its dividend by approximately 5%. The company declared a regular quarterly cash dividend of 8.63 cents per share payable on April 29, 2011 to stockholders of record as of the close of business on April 1, 2011.
Commenting on the increased dividend, Chairman and CEO Martin E. Franklin said, “Jarden has increased its dividend each year since implementing its first dividend in 2009. The increase reflects our confidence in the business and our intent to continue to increase dividends over time, while balancing the capital needs of the business.”
