Cherokee (CHKE) Announces $0.50 Per Share Dividend
October 27, 2009 7:25 AM
Cherokee Inc. (NASDAQ: CHKE),a leading licensor and global brand management company, announced that its Board of Directors approved the distribution of a quarterly dividend to shareholders of $0.50 per share. The dividend will be payable on or about December 16, 2009 to shareholders of record on December 1, 2009.
This dividend will represent the twenty-fifth consecutive quarterly dividend paid by Cherokee to its shareholders since December 2003, representing over $130M in dividends returned to its shareholders during this period.
Cherokee Inc., based in Van Nuys, is a marketer, licensor and manager of a variety of brands it owns (Cherokee, Sideout, Carole Little and others) and represents. Currently, Cherokee has licensing agreements in a number of categories, including family apparel, fashion accessories and footwear, as well as home furnishings and recreational products.
