NIKE, Inc. Announces 11 Percent Increase in Quarterly Dividend

Rhea-AI Summary

NIKE, Inc. (NYSE: NKE) recently announced an 11% increase in its quarterly cash dividend, now set at $0.305 per share, up from $0.275. This dividend will be paid on December 28, 2021 to shareholders of record as of December 6, 2021. This marks the company’s 20th consecutive year of increasing dividends, reflecting NIKE's strong cash flow and confidence in its growth prospects.

Positive

• Quarterly cash dividend increased by 11% to $0.305 per share.
• 20 consecutive years of increasing dividend payouts.
• Strong cash flow indicating company’s financial stability and growth potential.

Negative

• None.

BEAVERTON, Ore.--(BUSINESS WIRE)-- NIKE, Inc. (NYSE: NKE) announced today that its Board of Directors approved a quarterly cash dividend of $0.305 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 $0.275 per share. The dividend declared today is payable on December 28, 2021 to shareholders of record at the close of business December 6, 2021.

“NIKE continues to fuel growth through our Consumer Direct Acceleration strategy, while generating strong cash flow and increasing returns to shareholders,” said John Donahoe, President and CEO, NIKE. Inc. “This is now our 20th consecutive year of increasing dividend payouts, and reflects our strong track record and confidence in our 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. 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/20211118006257/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 NIKE, Inc. (NKE)?

The new quarterly cash dividend for NIKE, Inc. is $0.305 per share.

When will the NIKE, Inc. (NKE) dividend be paid?

The dividend will be paid on December 28, 2021.

What is the record date for the NIKE, Inc. (NKE) dividend?

The record date for the dividend is December 6, 2021.

How many years has NIKE, Inc. (NKE) increased its dividend?

NIKE has increased its dividend for 20 consecutive years.

What does the increase in NIKE, Inc. (NKE) dividend indicate?

The increase indicates strong cash flow and confidence in future growth.