Callaway Golf Declares Quarterly Dividends

CARLSBAD, Calif., Jan. 24, 2011 /PRNewswire/ -- Callaway Golf Company (NYSE: ELY) declared a regular quarterly cash dividend of $0.01 per share on its Common Stock. The dividend is payable on March 15, 2011 to shareholders of record at the close of business on February 18, 2011.

The Company also declared a regular quarterly cash dividend of $1.875 per share on its 7.50% Series B Cumulative Perpetual Convertible Preferred Stock. The dividend is payable on March 15, 2011 to shareholders of record as of February 18, 2011.

About Callaway Golf

Through an unwavering commitment to innovation, Callaway Golf Company (NYSE: ELY) creates products and services designed to make every golfer a better golfer. Callaway Golf Company manufactures and sells golf clubs and golf balls, and sells golf apparel, footwear and accessories, under the Callaway Golf®, Odyssey®, Top-Flite®, and Ben Hogan® brands in more than 110 countries worldwide. For more information please visit www.callawaygolf.com or www.shop.callawaygolf.com.

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SOURCE Callaway Golf Company