The Board of Directors of NIKE, Inc. has declared a quarterly cash dividend of 25 cents per share on the Company’s outstanding Class A and Class B Common Stock. The 25 cents dividend, which is payable January 3, 2005 to shareholders of record at the close of business December 13, 2004, is a 25% increase over the previous quarterly rate of $0.20 per share.
“For the third consecutive year, we are very pleased to provide an increasing cash return to shareholders,” said Philip H. Knight, Nike Chairman and Chief Executive Officer. “Nike continues to deliver very strong cash flow. Over the past five years, the Company has returned over 20 percent of this cash to shareholders through dividends. This increase reflects our confidence in our cash flow generation, solid balance sheet and the overall growth prospects for our business.”
