22 Nov Nike Increases Quarterly Dividend
Nike, Inc. announced that its board of directors has declared a 14 percent increase overall in its quarterly dividend.
The quarterly cash dividend of 24 cents per share will be payable on Jan. 6, 2014, to shareholders of record at the close of business on Dec. 16, 2013. Its previous payout was 21 cents a share. This is the twelfth year in a row the company increased its annual dividend.
“Today’s announcement demonstrates our ongoing commitment to delivering shareholder value,” said Mark Parker, president and CEO of Nike, Inc. “Over the last decade Nike has returned over $15 billion to shareholders through dividend payments and share repurchases. Today’s increase reflects the strength of our balance sheet and the confidence we have in our strategies to generate sustainable, profitable growth and strong cash flows that allow us to invest for the future and return cash to shareholders.”