BEAVERTON, Ore.--(BUSINESS WIRE)--
NIKE, Inc. (NYSE: NKE) announced today that its Board of Directors has
declared a quarterly cash dividend of $0.24 per share on the Company’s
outstanding Class A and Class B Common Stock. The $0.24 quarterly
dividend, which is payable on January 6, 2014, to shareholders of record
at the close of business on December 16, 2013, represents a 14 percent
increase over the previous quarterly rate of $0.21. This is the twelfth
year in a row the Company increased its annual dividend.
“Today’s announcement demonstrates our ongoing commitment to delivering
shareholder value,” said
Mark Parker
, President and CEO of NIKE, Inc.
“Over the last decade NIKE has returned over $15 billion to shareholders
through dividend payments and share repurchases. Today’s increase
reflects the strength of our balance sheet and the confidence we have in
our strategies to generate sustainable, profitable growth and strong
cash flows that allow us to invest for the future and return 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 subsidiaries 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’s earnings releases
and other financial information are available on the Internet at http://investors.nikeinc.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.
Source: NIKE, Inc.