DSW Inc. (NYSESW) announced that its Board of Directors declared a special dividend of $2.00 per share, totaling approximately $86 million. In conjunction with this approval, the Board of Directors also initiated a regular quarterly cash dividend of $0.15 per share. Both the special dividend and the regular dividend will be paid on September 30, 2011 to shareholders of record at the close of business on September 20, 2011.

DSW Inc., together with its subsidiaries, operates as a footwear specialty retailer in the United States. It offers dress, casual, and athletic footwear for women and men, as well as accessories, handbags, and hosiery.

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