NIKE, Inc. Announces 13 Percent Increase in Quarterly Dividend
November 17 2016 - 4:45PM
Business Wire
NIKE, Inc. (NYSE: NKE) announced today that its Board of
Directors has declared a quarterly cash dividend of $0.18 per share
on the company’s outstanding Class A and Class B Common Stock
payable on January 3, 2017, to shareholders of record at the close
of business December 5, 2016.
“NIKE has a consistent track record of delivering value to our
shareholders and today’s announcement marks the 15th consecutive
year we have increased our dividend,” said Mark Parker, Chairman,
President and CEO of NIKE, Inc. “This increase, together with the
four-year $12 billion share repurchase program announced in 2015,
reflects the continued confidence we have in our strategies to
generate sustainable, profitable growth and strong cash flows,
while investing for the future and returning cash to
shareholders.”*
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 Inc., which designs, markets and distributes
athletic lifestyle footwear, apparel and accessories; and Hurley
International LLC, 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 and individuals 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 S.E.C., including
Forms 8-K, 10-Q, and 10-K.
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version on businesswire.com: http://www.businesswire.com/news/home/20161117006347/en/
NIKE, Inc.Investor Contact:Shane
Wilson, 503-532-5787orMedia
Contact:Kate Meyers, 503-532-1402
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