Nike Inc. announced that its board of directors has approved a quarterly cash dividend of 22 cents per share on the company’s outstanding Class A and Class B common stock. This represents an increase of 10 percent versus the prior quarterly dividend rate of $0.20 per share. The dividend declared today is payable on January 2, 2019 to shareholders of record at the close of business December 3, 2018.
“Nike continues to fuel growth through our Consumer Direct Offense, while generating strong cash flow and increasing returns to shareholders,” said Mark Parker, chairman, president and CEO of Nike Inc. “This is our 17th consecutive year of increasing dividend payouts, and combined with the new four-year $15 billion share repurchase program announced this summer, this commitment shows our continued confidence in Nike’s ability to deliver sustainable, profitable, capital-efficient growth over the long-term.”
