R.G. Barry Corporation Increases Annual Dividend Policy by 40% and Declares Cash Dividend
PICKERINGTON, Ohio, Sept. 7 /PRNewswire-FirstCall/ -- The Board of Directors of accessories footwear marketer R.G. Barry Corporation (Nasdaq: DFZ) today announced that its board of directors has approved a 40 percent increase in the Company's quarterly cash dividend, from $0.05 per share to $0.07 per share ($0.28 per share on an annual basis), and subsequently declared a $0.07 per share cash dividend payable October 4, 2010 to common shareholders of record on September 20, 2010.
"The Board remains fully committed to sharing the Company's success with shareholders while supporting management's strategies for long-term growth through acquisition, innovation and product or channel diversification," said Chairman of the Board Gordon Zacks. "We believe that this 40 percent increase in the dividend policy achieves both goals."
The Company has approximately 10,984,180 shares outstanding as of September 2, 2010.
About R.G. Barry Corporation
R.G. Barry Corporation, the Dearfoams® company, is one of the world's leading developers and marketers of accessories footwear and slippers. Visit us online at www.rgbarry.com to learn more about our business.
SOURCE R.G. Barry Corporation
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