Carlsbad-based Callaway Golf Co. declared a penny-per-share dividend on Aug. 10.
Callaway (NYSE: ELY) plans to send the dividend out to holders of its common stock on Sept. 15. Recipients must be shareholders of record at the close of business on Aug. 25.
Callaway sells products under the Callaway and Odyssey brands.
By reaching $11.61 on Aug. 11, Callaway shares hit a new 52-week high. Capping off that rise was the July 3 report that Nike — the brand that Tiger Woods endorsed — was getting out of the golf equipment business.