Escalade said it has executed on its strategy to grow its profitability and operating income as well as maintaining a strong financial position. As such, Escalade's board of directors has adopted a dividend policy under which the company intends to pay quarterly cash dividends on its common stock. Escalade is increasing its quarterly dividend payment from 8 cents per share to 9 cents per share.
Escalade's board will evaluate the company's dividend policy on an ongoing basis after giving consideration to, among other things, the financial condition of and outlook for the Company and any particular cash flow and financing needs of the company.
"We are pleased to raise our quarterly dividend," stated Robert J. Keller, president and chief executive officer of Escalade, Inc. "Strong performance in our Sporting Goods segment continues to generate increased cash flow for the company."
Escalade Sports, headquartered in Evansville, IN since 1927, is a global manufacturer and distributor of sporting goods and leisure time activity games and a category leader in Table Tennis with the Stiga and Ping-Pong brands, a leader in the darting category driven by the Accudart and Unicorn brands, a leader in sports training equipment including residential in-ground basketball goal systems under the Goalrilla, Goaliath and Silverback brands and a leader in premium playground play-sets with the Woodplay and Childlife brands.
By press release through sportsonesource
Aucun commentaire:
Enregistrer un commentaire