NIKE, Inc. Announces 11 Percent Increase in Quarterly Dividend
November 16 2017 - 4:15PM
Business Wire
NIKE, Inc. (NYSE: NKE) announced today that its Board of
Directors has approved a quarterly cash dividend of $0.20 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 $0.18 per share. The dividend declared today is
payable on January 2, 2018 to shareholders of record at the close
of business December 4, 2017.
“This marks NIKE’s 16th consecutive year of increasing dividend
payouts,” said Mark Parker, Chairman, President and CEO of NIKE,
Inc. “Today’s announcement, combined with the four-year $12 billion
share repurchase program we announced in 2015, demonstrates our
continued confidence in generating strong cash flow and returns for
shareholders through our new Consumer Direct Offense as we continue
to invest in fueling sustainable, long-term growth and
profitability.”*
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 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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NIKE, Inc.Investor Contact:Nitesh
Sharan, 503-532-2828orMedia
Contact:Kellie Leonard, 503-671-6171
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