Nike Inc.’s board of directors declared a quarterly cash dividend of 18 cents per share on the company’s outstanding class A and class B common stock payable on January 3, 2017 to shareholders of record at the close of business December 5, 2016.
The change represents a 13-percent increase.
“Nike has a consistent track record of delivering value to our shareholders, and today’s announcement marks the 15th consecutive year we have increased our dividend,” said Mark Parker, chairman, president and CEO of Nike Inc. “This increase, together with the four-year $12 billion share repurchase program announced in 2015, reflects the continued confidence we have in our strategies to generate sustainable, profitable growth and strong cash flows, while investing for the future and returning cash to shareholders.”*
