Callaway Golf Company declared a regular quarterly cash dividend of $0.01 per share on its Common Stock. The dividend is payable on June 17, 2013 to shareholders of record at the close of business on May 21, 2013.

The Company also declared a regular quarterly cash dividend of $1.875 per share on its 7.50 percent Series B Cumulative Perpetual Convertible Preferred Stock. The dividend is payable on June 17, 2013 to shareholders of record as of May 21, 2013.