Wolverine World Wide, Inc. Declares Quarterly Dividend

ROCKFORD, Mich., Dec. 19 /PRNewswire-FirstCall/ -- The Directors of Wolverine World Wide, Inc. (NYSE: WWW) have declared a quarterly cash dividend of $.09 per share of common stock. The dividend is payable on February 1, 2008 to stockholders of record on January 2, 2008. The dividend is equal to the last quarterly dividend and represents a $.36 per share annual dividend.

With a commitment to service and product excellence, Wolverine World Wide, Inc. is one of the world's leading marketers of branded casual, active lifestyle, work, outdoor sport and uniform footwear. The Company's portfolio of highly recognized brands includes: Bates(R), Hush Puppies(R), HYTEST(R), Merrell(R), Sebago(R) and Wolverine(R). The Company also is the exclusive footwear licensee of popular brands including CAT(R), Harley-Davidson(R) and Patagonia(R). The Company's products are carried by leading retailers in the U.S. and globally in nearly 180 countries. For additional information, please visit our website, www.wolverineworldwide.com.