VALLEY BUSINESS : BUSINESS ROUNDUP : K-Swiss to Pay Quarterly Dividend of .015 Per Share

K-Swiss Inc., Westlake Village, announced that the board of directors has declared a quarterly cash dividend of $0.015 per share for the third quarter ending Sept. 30. The dividend, which equates to an annual rate of $0.06 per share, is payable Oct. 15 to shareholders of record as of Sept. 30. The quarterly cash dividend rate represents a 50% increase over the prior year. In February, the company announced a two-for-one stock split and a subsequent increase in the quarterly dividend from $0.01 to $0.015 per share effective with the first quarter of 1999.

K-Swiss Inc. designs, develops and markets athletic footwear for children and adults.