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