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