Nike's board of directors has declared a regular quarterly cash dividend of 25 cents per share on the company’s outstanding Class A and Class B common Stock. On an annual basis, this is an indicated rate of $1.00. The 25 cents per share quarterly dividend, which represents a 9% increase over the previous quarterly rate of 23 cents per share, is payable on Jan. 5, 2009 to shareholders of record at the close of business on Dec. 8, 2008.

“We are pleased to increase our cash payout to shareholders for the seventh year in a row,” said Mark Parker, Nike, Inc. president and CEO. “This increase reflects our ongoing confidence in Nike’s long-term growth prospects, expanding cash flows and strong balance sheet.”