Callaway Golf Declares Dividend, Announces New Line of Clubs

Carlsbad-based Callaway Golf Co. recently added a director to its board, declared a quarterly dividend and announced it was bringing a new line of golf clubs to market.

The new board member is Linda B. Segre, 55, an executive with San Francisco-based Diamond Foods. The selection increases the number of board members from eight to nine. Segre will stand for election in 2016.

Callaway (NYSE: ELY) declared a dividend of a penny a share, payable on Sept. 11 to shareholders of record on Aug. 21.

The business also introduced several new products, including the Great Big Bertha Driver and Fairway Woods. Priced at $449.99 and $249.99 respectively, the products will be available at retail on Aug. 28.

The Big Bertha Alpha 816 Double Black Diamond Driver and Big Bertha Alpha 816 Fairways Woods β€” meant for better players β€” will be available Sept. 18 and will sell for $499.99 and $299.99 respectively.

Segre, the new board member, was a touring golf professional from 1981 to 1985.

She is now executive vice president, chief strategy officer and chief people officer at Diamond Food (Nasdaq: DMND). Diamond, which reported $865 million in 2014 revenue, makes a line of snack foods, including Kettle Brand chips and Pop Secret popcorn. It sells almonds, walnuts, pecans and other nuts under the Diamond name.
 

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