The Nike, Inc. Board of Directors, which is 75 percent controlled by the Knight family, declared a quarterly cash dividend of 34 cents per share on the company’s outstanding Class A and Class B Common Stock payable on October 2, 2023, to shareholders of record at the close of business September 5, 2023.

The Knight family is estimated to own approximately 22 percent of the 1,551,600 NKE basic shares available on May 31.

Based on the approximately 341 million shares estimated to be owned by the Knight family, including the Travis Knight Trust, the Knight Foundation and Nike Founder Phil Knight, as of December 2022, the new quarterly dividend pay-out for Knight, the family trust and the Knight Foundation would be approximately $115.9 million, or $463.8 million a year.

It’s good to be King—and a Knight.

Photo courtesy AP