K-Swiss Announces Cash Dividend for 4th Quarter

The board of directors for K-Swiss in Westlake Village has declared a quarterly cash dividend of 1 1/2 cents per share for the fourth quarter ended Dec. 31.

The dividend, which equates to an annual rate of 6 cents per share, is payable Jan. 14 to shareholders of record as of Dec. 31.

The quarterly cash dividend rate represents a 50% increase over last year. In February, the company announced a two-for-one stock split and a subsequent increase in the quarterly dividend from 1 cent to 1 1/2 cents per share. K-Swiss designs and markets athletic footwear.