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DSW Inc. Initiates Regular Quarterly Cash Dividend and Special Dividend
Board Approves Special Dividend of $2.00 Per Share

Company Announces Plans to Settle Premium Income Exchangeable Securities With Shares

DSW Inc.  a leading branded footwear and accessories retailer, 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.  

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