Cherokee Inc. To Pay Additional Dividend

Cherokee Inc. (NASDAQ:CHKE), based in Van Nuys, reported they would be paying an additional dividend of $0.75 per share on Dec. 14. thanks to a slight increase in year-over-year third quarter revenues and strong cash flow. Net income for the third quarter ending Nov. 3 was reported to be $3.7 million, or $0.41 per diluted share, compared to $3.28 million, or $0.37 per diluted share, in the same period last year.