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Article: Cherokee Announces $0.50 Per Share Dividend for December.
- Article from:
- Business Wire
- Article date:
- October 27, 2009
CopyrightCOPYRIGHT 2009 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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VAN NUYS, Calif. -- Cherokee Inc. (NASDAQ:CHKE), a leading licensor and global brand management company, announced today 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 $130 million in dividends returned to its shareholders during this period.
The payment of any future dividends will be at the discretion of Cherokee's Board of Directors and ...