Designer Brands Inc. (DBI), formerly DSW Inc (DSW), will start paying a quarterly dividend of 5 cents per share. Back in 2020 DBI had suspended its quarterly dividend of 10 cents per share. This was a cut from the previous 25 cents quarterly.

The company today announced that the board of directors has approved the reinstatement of the company's regular quarterly cash dividend to shareholders, starting in the first quarter of fiscal 2022.  A dividend of $0.05 per share of Class A common stock will be paid on May 6, 2022 to shareholders of record as of the close of business on April 22, 2022. The dividend will be paid out of the Company's capital surplus as defined under the Ohio General Corporation Law. 

Designer Brands Inc., formerly known as 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. The company operates a portfolio of retail concepts in nearly 1,000 locations under the DSW Designer Shoe Warehouse, The Shoe Company and Shoe Warehouse banners and services footwear departments in the U.S. through its Affiliated Business Group. Designer Brands designs and produces footwear and accessories through Camuto Group, a manufacturer selling worldwide. Camuto Group owns licensing rights for the Jessica Simpson footwear business, and footwear and handbag licenses for Lucky Brand and Max Studio. In partnership with a joint venture with Authentic Brands Group, Designer Brands also owns a stake in Vince Camuto, Louise et Cie, Sole Society, CC Corso Como and others.