Nike Says Board Raises Dividend
November 14 2019 - 5:13PM
Dow Jones News
By Stephen Nakrosis
Nike Inc. (NKE) said Thursday its board approved an increase in
its quarterly dividend, to 24 1/2 cents per share on its Class A
and Class B Common stock.
The company said the move represents an 11% increase over the
previous 22 cents dividend.
The dividend will be payable on January 2, 2020, to shareholders
of record as of the close of business on December 2.
Nike shares finished Thursday's trading with a 0.02% loss, to
close at $91.27. Year to date, shares of the footwear and apparel
company are up 23%.
--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
November 14, 2019 16:58 ET (21:58 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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