Wolverine World Wide (WWW) Raises Quarterly Dividend 25% to $0.10, 0.3% Yield; Announces New $400M Share Buyback and Improves Capital Structure

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Go back to Wolverine World Wide (WWW) Raises Quarterly Dividend 25% to $0.10, 0.3% Yield; Announces New $400M Share Buyback and Improves Capital Structure

Wolverine World Wide Announces New $400 Million Share Repurchase Program, Dividend Increase and Improved Capital Structure

February 12, 2019 6:30 AM EST

ROCKFORD, Mich., Feb. 12, 2019 (GLOBE NEWSWIRE) -- Wolverine World Wide (NYSE: WWW) today announced a number of actions that reflect its continuing commitment to enhance shareholder value. These include a new share repurchase program, a substantial increase in the Companys quarterly dividend, and further details on the recent amendment to its Credit Agreement and improved capital structure.

During 2018, the Company returned approximately $204 million to shareholders in the form of share repurchases and dividends, including $105 million in share repurchases during the fourth quarter. As part of its on-going strategy to drive total shareholder... More