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Press release from PR Newswire

Callaway Golf Declares Quarterly Dividends

Monday, January 23, 2012

Callaway Golf Declares Quarterly Dividends17:35 EST Monday, January 23, 2012CARLSBAD, Calif., Jan. 23, 2012 /PRNewswire/ -- Callaway Golf Company (NYSE: ELY) declared a regular quarterly cash dividend of $0.01 per share on its Common Stock.  The dividend is payable on March 15, 2012 to shareholders of record at the close of business on February 17, 2012.  The Company also declared a regular quarterly cash dividend of $1.875 per share on its 7.50% Series B Cumulative Perpetual Convertible Preferred Stock.  The dividend is payable on March 15, 2012 to shareholders of record as of February 17, 2012.  About Callaway GolfThrough an unwavering commitment to innovation, Callaway Golf Company (NYSE:ELY) creates products and services designed to make every golfer a better golfer. Callaway Golf Company manufactures and sells golf clubs and golf balls, and sells golf apparel, footwear and accessories, under the Callaway Golf®, Odyssey®, Top-Flite®, and Ben Hogan® brands in more than 110 countries worldwide. For more information please visit www.callawaygolf.com or shop.callawaygolf.com.Contact: Brad Holiday Patrick Burke (760) 931-1771(Logo: http://photos.prnewswire.com/prnh/20091203/CGLOGO)   SOURCE Callaway Golf Company