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Non-Tech : Wolverine World Wide: Need some good shoes?
WWW 17.95+1.3%Dec 26 3:59 PM EST

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To: Chip Roos who wrote (70)2/27/1998 2:51:00 PM
From: Ken Turetzky  Read Replies (1) of 178
 
Wolverine World Wide Increases Dividend for Fifth Consecutive Year

Business Wire via Dow Jones

ROCKFORD, Mich.--(BUSINESS WIRE)--Feb. 26, 1998--Directors of Wolverine World
Wide, Inc. today declared a 26.7% increase in the quarterly cash dividend to
$.0275 per share of common stock. The dividend is payable May 1, 1998 to
stockholders of record April 1, 1998. The Board action is the fifth consecutive
annual dividend increase for the Company.

"The dividend increase reflects the fifth consecutive year of record results
which produced 34% higher net earnings in 1997," said Geoffrey B. Bloom,
Wolverine World Wide Chairman and CEO. "It also indicates our continuing
commitment to reward our shareholders as we progress toward the goal of making
Wolverine World Wide a Great Global Company."

Wolverine World Wide, Inc. manufactures and markets a wide variety of branded
footwear and performance leathers. Major branded products of the Company
include: Bates(R) uniform footwear; Caterpillar(R) footwear; Coleman(R)
footwear; Harley-Davidson(R) footwear; Hush Puppies(R) shoes, slippers and
accessories; Hush Puppies Homeware(TM) slippers; Hy-Test(R) work boots and
shoes; Merrell(R) outdoor footwear; Sioux-Mox(R) moccasins; Tru-Stitch(R)
slippers; Wimzees(R) footwear; Wolverine(R) work, sport and rugged outdoor
footwear, apparel and accessories; Wolverine DuraShocks(R) and DuraShocks(R) SR
comfort technology; and Wolverine All Season Weather Leathers(TM).

CONTACT: Wolverine World Wide, Inc.
Thomas Mundt, 616/866-5589
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