The board of Designer Brands Inc., one of North America’s largest designers, producers and retailers of footwear and accessories, declared a quarterly cash dividend of $0.25 per share. The dividend will be paid Oct. 4, 2019, to shareholders of record at the close of business on Sept. 20, 2019.
In addition, the Columbus-headquartered company repurchased 2.7 million shares in the second quarter of fiscal 2019, which totals 6.1 million shares year to date at a cost of $125 million. It returned $249.2 million to shareholders through share repurchases and dividends over the last 12 months. Designer Brands has $351.6 million remaining under its share repurchase program.