DSW Inc (DSW) will raise its quarterly dividend by 25 percent to $0.25 per share in 2018. The branded footwear and accessories retailer

The dividend will be paid on April 6, 2018 to shareholders of record at the close of business on March 23, 2018.

Roger Rawlins, Chief Executive Officer stated, "Our fourth quarter performance capped our first year of adjusted earnings growth since 2013. Our initiatives drove comparable sales growth and strong margin improvement at the DSW Segment this quarter. The sales inflection at our Power 35 locations, including our Lab store where we have introduced an elevated warehouse experience, prove our initiatives are gaining traction and provide us a blueprint to drive sales. We are drawing on our strong cash flow and the benefit from U.S. Tax Reform to enhance shareholder returns by boosting our quarterly dividend and reinvesting in strategic initiatives that will advance DSW's dominant position in the marketplace in the years to come," stated Mr. Rawlins.

DSW Inc. (Designer Shoe Warehouse) is a branded footwear and accessories retailer that offers brand name and designer dress, casual and athletic footwear and accessories for women, men and kids. DSW operates stores in 43 states, the District of Columbia and Puerto Rico and has and also has shoe departments in Stein Mart stores.