Nike, Inc.’s Board of Directors approved a quarterly cash dividend of 37 cents per share of its outstanding Class A and Class B Common Stock, representing an increase of 9 percent versus the prior quarterly dividend rate of 34 cents per share.
The new dividend declared is payable on January 2, 2024, to shareholders of record at the close of business on December 4, 2023.
“Nike has a consistent track record of delivering strong cash flow and returns for shareholders, and today’s announcement marks the 22nd consecutive year we have increased our dividend,” said John Donahoe, president and CEO of Nike, Inc. “This dividend increase reflects our continued confidence in our strategies to generate sustainable, profitable growth while investing for the future.”
Photo courtesy Nike
