Brown Shoe Declares Regular Quarterly Dividend

ST. LOUIS, March 3, 2011 /PRNewswire/ -- The Board of Directors of Brown Shoe Company, Inc. (NYSE: BWS) declared a quarterly dividend of $0.07 per share, payable April 1 to shareholders of record on March 18.

This dividend will be the 353rd consecutive quarterly dividend paid by the company.

Brown Shoe is a $2.5 billion global footwear company.  Brown Shoe's Retail division operates Famous Footwear, a leading family branded footwear destination with over 1,100 stores nationwide and e-commerce site FamousFootwear.com, approximately 260 specialty retail stores in the U.S., Canada, and China primarily under the Naturalizer brand name, and footwear e-tailer shoes.com. Through its wholesale divisions, Brown Shoe designs and markets leading fashion and athletic footwear brands including Naturalizer, Dr. Scholl's, Avia, Franco Sarto, LifeStride, Etienne Aigner, Sam Edelman, Via Spiga, ryka, And 1, Vera Wang Lavender, and Buster Brown.  Brown Shoe press releases are available on the Company's website at www.brownshoe.com.

SOURCE Brown Shoe Company, Inc.

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