NIKE, Inc. Announces 11 Percent Increase in Quarterly Dividend
November 14 2019 - 4:15PM
Business Wire
NIKE, Inc. (NYSE: NKE) announced today that its Board of
Directors has approved a quarterly cash dividend of $0.245 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 $0.22 per share. The dividend declared
today is payable on January 2, 2020 to shareholders of record at
the close of business December 2, 2019.
“NIKE has consistently delivered strong cash flow and returns
for shareholders and today’s announcement marks NIKE’s 18th
consecutive year of increasing dividend payouts,” said Mark Parker,
Chairman, President and CEO of NIKE, Inc. “This dividend increase,
combined with the four-year $15 billion share repurchase program
announced in 2018, reflects continued confidence in our strategies
to generate long-term, profitable growth as we accelerate execution
of our Consumer Direct Offense.”*
About NIKE, Inc.
NIKE, Inc., based near Beaverton, Oregon, is the world’s leading
designer, marketer and distributor of authentic athletic footwear,
apparel, equipment and accessories for a wide variety of sports and
fitness activities. Wholly-owned NIKE, Inc. subsidiary brands
include Converse, which designs, markets and distributes athletic
lifestyle footwear, apparel and accessories; and Hurley, which
designs, markets and distributes surf and youth lifestyle footwear,
apparel and accessories. For more information, NIKE, Inc.’s
earnings releases and other financial information are available on
the Internet at http://investors.NIKE.com. Individuals can also
visit http://news.NIKE.com and can follow @NIKE.
*The marked paragraph contains forward-looking statements that
involve risks and uncertainties that could cause actual results to
differ materially. These risks and uncertainties are detailed from
time to time in reports filed by NIKE with the Securities and
Exchange Commission (SEC), including Forms 8-K, 10-Q and 10-K.
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Investor Contact: Matt Friend (503)
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