Wolverine World Wide declared a quarterly cash dividend increase of 12 cents per share of common stock, representing a 9.1% increase over the previous quarterly dividend. The dividend is payable on May 2, 2011 to stockholders of record on April 1, 2011 and reflects an indicated annual dividend of 48 cents per share.
Commenting on the increase, Blake W. Krueger, the company's chairman and chief executive officer, stated, “The dividend increase reflects Wolverine World Wide's continued strong cash generation and our commitment to sharing our cash flow with shareholders.”
