17 Nov Nike Announces 11 Percent Increase In Quarterly Dividend
Nike Inc. announced that its Board of Directors approved a quarterly cash dividend of 34 cents per share on the company’s outstanding Class A and Class B Common Stock. This represents an increase of 11 percent versus the prior quarterly dividend rate of 30.5 cents per share. The dividend declared today is payable on December 28, 2022 to shareholders of record at the close of business December 5, 2022.
“Today’s announcement marks Nike’s 21st consecutive year of increasing dividend payouts,” said John Donahoe, President and CEO, Nike, Inc. “This dividend increase illustrates the continued success of our Consumer Direct Acceleration strategy, as we invest in capabilities that are accelerating our digital transformation and fueling long-term profitable growth.”*