On November 14, 2011, Dick's Sporting Goods DKS authorized and declared an annual
dividend for 2011 in the amount of $0.50 per share on the Company's Common
Stock and Class B Common Stock. The dividend is payable in cash on December
28, 2011 to stockholders of record at the close of business on December 7,
2011. The Company currently intends to begin payments of regular quarterly
dividends beginning in 2012; however, the actual declaration of such future
dividends and the establishment of the per share amount, record dates and
payment dates for such future dividends are subject to the final determination
of the Company's Board, and will be dependent upon future earnings, cash
flows, financial requirements and other factors.
"Our Board's decision to initiate a dividend demonstrates its confidence in
the Company's financial strength and growth potential," said Mr. Stack. "Our
solid cash position and cash flow outlook enable us to continue to invest in
future profitable growth opportunities, while also returning cash to our
shareholders through the dividend."
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