NIKE, Inc. Announces 10 Percent Increase in Quarterly Dividend
November 15 2018 - 4:15PM
Business Wire
NIKE, Inc. (NYSE: NKE) announced today that its Board of
Directors has approved a quarterly cash dividend of $0.22 per share
on the company’s outstanding Class A and Class B Common Stock. This
represents an increase of 10 percent versus the prior quarterly
dividend rate of $0.20 per share. The dividend declared today is
payable on January 2, 2019 to shareholders of record at the close
of business December 3, 2018.
“NIKE continues to fuel growth through our Consumer Direct
Offense, while generating strong cash flow and increasing returns
to shareholders,” said Mark Parker, Chairman, President and CEO of
NIKE, Inc. “This is our 17th consecutive year of increasing
dividend payouts, and combined with the new four-year $15 billion
share repurchase program announced this summer, this commitment
shows our continued confidence in NIKE’s ability to deliver
sustainable, profitable, capital-efficient growth over the
long-term.”*
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:Nitesh Sharan(503)
532-2828
Media Contact:Mark Rhodes(503)
532-8877
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