50% Increase in 3rd Quarter Dividend for K-Swiss

The board of directors for K-Swiss in Westlake Village has declared a quarterly cash dividend of 1.5 cents per share for the third quarter ended Sept. 30.

The dividend, which equates to an annual rate of 6 cents per share, is payable Oct. 15 to shareholders of record as of Sept. 30. The quarterly 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 1 cent to 1.5 cents per share effective with the first quarter.

K-Swiss designs and markets athletic footwear.