Callaway Golf Company (NYSE:ELY) announced that its Board of Directors has declared a regular quarterly cash dividend of $0.01 per share on its Common Stock. The dividend is payable on September 15, 2009 to shareholders of record at the close of business on August 25, 2009.

The Company also announced that its Board of Directors has 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 September 15, 2009 to shareholders of record as of August 25, 2009.