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Callaway declares quarterly dividends, names new board member

Carlsbad-based Callaway Golf Co. (NYSE: ELY) announced that its board of directors has declared a regular quarterly cash dividend of $0.01 per share on its common stock.

The dividend is payable on March 15 to shareholders of record at the close of business on Feb. 19.

The company also announced that its board has declared a regular quarterly cash dividend of $1.875 per share on its 7.50 percent Series B Cumulative Perpetual Convertible Preferred Stock. The dividend is payable on March 15 to shareholders of record as of Feb. 19.

In addition, Callaway announced that Adebayo O. Ogunlesi has been appointed to the company's board of directors. He will begin serving immediately and will stand for election for a full one-year term at the company's 2010 annual meeting of shareholders in May.

Ogunlesi, 56, is chairman and managing partner of Global Infrastructure Management LLC, a private equity firm with over $5 billion in assets and that invests worldwide in infrastructure assets in the energy, transport, and water and waste industry sectors.

Prior to founding Global Infrastructure Management, Ogunlesi spent 23 years at Credit Suisse where he held senior positions, including executive vice chairman and chief client officer and prior to that global head of investment banking.

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