Nike, Inc.'s board of directors declared a quarterly cash dividend of 31 cents per share, representing a 15% increase over the previous quarterly rate of 27 cents per share. The is payable on Dec. 30 to shareholders of record at the close of business on Dec. 6.

“We are pleased to increase our dividend for the ninth year in a row,” said Mark Parker, President and CEO of NIKE, Inc. “Over the last five years we have returned more than $2 billion to shareholders through dividend payments. Today”s increase illustrates the strength of our balance sheet and the acceleration of our business. We are confident our strategies will continue to drive long-term profitable growth and strong cash flows that will fuel investments for the future and enable us to return cash to shareholders.”