Wolverine Worldwide Declares 2-for-1 Stock Split

(RTTNews) - Wolverine World Wide Inc. (WWW) on Thursday declared a two-for-one stock split, in the form of a stock dividend, with a record date of October 1, 2013.

Shareholders of record on that date will receive one new share of common stock for each share they own. Shares issued pursuant to the stock split will be issued on November 1, 2013.

The company also declared a quarterly cash dividend of $0.06 per share of common stock. The $0.06 per share dividend will be paid on a post-stock-split basis and is equivalent to the $0.12 per share pre-stock-split cash dividend declared in the prior quarter. The dividend is payable on November 1, 2013 to stockholders of record on October 1, 2013.