NIKE, Inc. Announces 12 Percent Increase in Quarterly Dividend
November 20 2020 - 8:30AM
Business Wire
NIKE, Inc. (NYSE: NKE) announced today that on November 19, 2020
its Board of Directors approved a quarterly cash dividend of $0.275
per share on the company’s outstanding Class A and Class B Common
Stock. This represents an increase of 12 percent versus the prior
quarterly dividend rate of $0.245 per share. The dividend declared
yesterday is payable on December 29, 2020 to shareholders of record
at the close of business December 7, 2020.
“Today’s announcement marks NIKE’s 19th consecutive year of
increasing dividend payouts,” said John Donahoe, President and CEO,
NIKE, Inc. “This dividend increase reflects NIKE’s financial
strength and strong track record of returning capital to
shareholders while continuing to invest in capabilities that will
accelerate our digital transformation and fuel long-term profitable
growth.”*
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. Converse, a wholly-owned NIKE, Inc. subsidiary
brand, designs, markets and distributes athletic 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 paragraphs contain 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 U.S. Securities and
Exchange Commission (SEC), including Forms 8-K, 10-Q and 10-K.
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473-3143
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473-2556
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