Nike Inc. announced that its Board of Directors has approved a quarterly cash dividend of 20 cents per share on the company’s outstanding Class A and Class B Common Stock. This represents an increase of 11 percent versus the prior quarterly dividend rate of 18 cents per share. The dividend declared today is payable on January 2, 2018 to shareholders of record at the close of business December 4, 2017.
“This marks Nike’s 16th consecutive year of increasing dividend payouts,” said Mark Parker, chairman, president and CEO of Nike Inc. “Today’s announcement, combined with the four-year $12 billion share repurchase program we announced in 2015, demonstrates our continued confidence in generating strong cash flow and returns for shareholders through our new Consumer Direct Offense as we continue to invest in fueling sustainable, long-term growth and profitability.”
Photo courtesy Nike
