NIKE, Inc. Announces 11 Percent Increase in Quarterly Dividend
15 November 2022 - 10:15PM
Business Wire
NIKE, Inc. (NYSE: NKE) announced today that its Board of
Directors approved a quarterly cash dividend of $0.340 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 $0.305 per share. The dividend declared today is
payable on December 28, 2022 to shareholders of record at the close
of business December 5, 2022.
“Today’s announcement marks NIKE’s 21st consecutive year of
increasing dividend payouts,” said John Donahoe, President and CEO,
NIKE, Inc. “This dividend increase illustrates the continued
success of our Consumer Direct Acceleration strategy, as we invest
in capabilities that are accelerating our digital transformation
and fueling 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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version on businesswire.com: https://www.businesswire.com/news/home/20221115006354/en/
Investor Contact: Paul Trussell
investor.relations@nike.com
Media Contact: KeJuan Wilkins
media.relations@nike.com
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