BEAVERTON, Ore.--(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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Source: NIKE, Inc.