NIKE, Inc. Announces 11 Percent Increase in Quarterly Dividend

Rhea-AI Summary

NIKE, Inc. (NYSE: NKE) has declared a quarterly cash dividend of $0.340 per share, marking an 11% increase from the previous rate of $0.305. This dividend is payable on December 28, 2022 to shareholders on record by December 5, 2022. This announcement highlights NIKE's 21st consecutive year of dividend increases, aligning with its Consumer Direct Acceleration strategy aimed at enhancing digital capabilities and supporting long-term growth.

Positive

• Dividends increased by 11%, resulting in a new dividend rate of $0.340 per share.
• Marked the 21st consecutive year of dividend increases, showcasing financial stability and growth.

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• None.

BEAVERTON, Ore.--(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 21^st 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.

View source 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

Source: NIKE, Inc.

FAQ

What is the new dividend amount for NKE shares?

The new dividend amount for NKE shares is $0.340 per share.

When is the NKE dividend payment date?

The NKE dividend payment date is December 28, 2022.

What does the NKE dividend increase signify?

The NKE dividend increase signifies financial stability and the company's confidence in its growth strategy.

How long has NKE been increasing its dividends?

NIKE has been increasing its dividends for 21 consecutive years.