Nike, Inc. said its board has declared a quarterly cash dividend of 36 cents per share on its outstanding class A and class B common stock. The quarterly dividend, which is payable on January 3, 2012 to shareholders of record at the close of business on Dec. 5, represents a 16 percent increase over the previous quarterly rate of 31 cents per share.
“We are pleased to increase our dividend for the tenth year in a row,” said Mark Parker, president and CEO of Nike, Inc. “Over the last five years we have more than doubled our annual dividend and returned more than $2.3 billion to shareholders through dividend payments. Today's increase reflects our commitment to delivering value for our shareholders and the ongoing confidence we have in our strategy to generate long-term profitable growth, expand cash flows and strengthen our balance sheet.”
