Dick's Sporting Goods Announces Special Cash Dividend

            Dick's Sporting Goods Announces Special Cash Dividend

- Tim Kullman,EVP—Finance, Administration and Chief Financial Officer, to
retire in 2013

PR Newswire

PITTSBURGH, Dec. 5, 2012

PITTSBURGH, Dec. 5, 2012 /PRNewswire/ --The Board of Directors of Dick's
Sporting Goods, Inc. (NYSE: DKS) has declared a special cash dividend of $2.00
per share on the Company's Common Stock and Class B Common Stock, payable on
December 28, 2012, to stockholders of record at the close of business on
December 17, 2012. The special dividend payment, which is expected to be
funded from the Company's excess cash on hand, is in addition to the
previously announced quarterly dividend of $0.125 per share payable on
December 28, 2012, to stockholders of record at the close of business on
November 30, 2012.

"This additional return of approximately $254 million in cash to our
shareholders demonstrates the strength of our balance sheet, the health of our
business and a commitment to efficiently deploy our strong cash generation,"
said Edward W. Stack, Chairman and CEO. "We also remain firmly committed to
investing in the profitable growth of our business and we will have ample
capacity to do so even after payment of this dividend."

The Company also announced that Tim Kullman, EVP—Finance, Administration and
Chief Financial Officer, has informed the Company of his intention to retire
in 2013. The Company has commenced a search for Mr. Kullman's replacement. Mr.
Kullman will continue in his current role until his successor is hired, and he
has agreed to remain with the Company until April 2013 or such later date as
needed to effect a proper transition. "Tim has been an invaluable member of
our management team over the past five years. He has been instrumental in
designing a financial framework rooted in discipline and supporting our
mission to relentlessly improve everything we do. Tim's contributions will be
felt well into the future," said Mr. Stack.

Forward-Looking Statements Involving Known and Unknown Risks and Uncertainties

Statements in this release include forward-looking statements (as such term is
defined in the Private Securities Litigation Reform Act of 1995) and involve
risks and uncertainties and are subject to change based on various important
factors, many of which may be beyond the Company's control. The Company's
future performance and financial results may differ materially from those
included in any such forward-looking statements and such forward-looking
statements should not be relied upon by investors as a prediction of actual
results.

About Dick's Sporting Goods, Inc.

Dick's Sporting Goods, Inc. is an authentic full-line sporting goods retailer
offering a broad assortment of brand-name sporting goods equipment, apparel
and footwear in a specialty store environment. The Company also owns and
operates Golf Galaxy, LLC, a golf specialty retailer. As of October 27, 2012,
the Company operated 511 Dick's Sporting Goods stores in 44 states, 81 Golf
Galaxy stores in 30 states and e-commerce websites and catalog operations for
both Dick's Sporting Goods and Golf Galaxy.

Dick's Sporting Goods, Inc. news releases are available at
http://www.dickssportinggoods.com/investors. The Company's website is not part
of this release.

Contact

Timothy E. Kullman, EVP – Finance, Administration, and Chief Financial Officer
or
Anne-Marie Megela, Director, Investor Relations
(724) 273-3400
investors@dcsg.com

SOURCE Dick's Sporting Goods, Inc.

Website: http://www.dickssportinggoods.com
 
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