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Press release from PR Newswire

Callaway Golf Declares Quarterly Dividends

Thursday, October 25, 2012

Callaway Golf Declares Quarterly Dividends10:09 EDT Thursday, October 25, 2012CARLSBAD, Calif., Oct. 25, 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 December 17, 2012 to shareholders of record at the close of business on November 21, 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 December 17, 2012 to shareholders of record as of November 21, 2012.  About Callaway GolfThrough an unwavering commitment to innovation, Callaway Golf Company (NYSE:ELY) creates products designed to make every golfer a better golfer. Callaway Golf Company manufactures and sells golf clubs and golf balls, and sells golf accessories under the Callaway Golf® and Odyssey® brands in more than 97 countries worldwide. For more information please visit www.callawaygolf.com or shop.callawaygolf.com.Contact:  Brad HolidayPatrick Burke(760) 931-1771(Logo:  http://photos.prnewswire.com/prnh/20091203/CGLOGO) SOURCE Callaway Golf Company