NIKE, Inc. Declares $0.370 Quarterly Dividend

Rhea-AI Summary

Nike, Inc. (NKE) has declared a quarterly cash dividend of $0.370 per share on the Company’s outstanding Class A and Class B Common Stock, payable on April 1, 2024, to shareholders of record at the close of business March 4, 2024.

Insights

Financial Analyst

The declaration of a quarterly cash dividend of $0.370 per share by NIKE, Inc. is a direct reflection of the company's current financial health and its ability to generate positive cash flow. From a financial perspective, this move signals to investors that NIKE has confidence in its ongoing operations and profitability. It is also an indication that the company prioritizes returning value to its shareholders.

Dividends are typically distributed by companies that have reached a certain maturity and have a stable earnings outlook. For NIKE, maintaining or increasing its dividend could be seen as a commitment to shareholder value, which might attract income-focused investors. However, investors should also consider the dividend yield, which is the dividend per share divided by the price per share. If the stock price is high relative to the dividend paid, the yield may be lower compared to other investment opportunities.

Moreover, the payout ratio, which is the percentage of earnings paid to shareholders in dividends, is a crucial metric to assess. A sustainable payout ratio ensures that the company can continue to pay dividends without compromising its growth prospects or financial stability.

Market Research Analyst

NIKE's dividend announcement could also have implications for the company's market positioning. In a competitive industry like athletic apparel and footwear, investment in innovation and marketing is key to maintaining market share. By allocating funds to dividends, NIKE implicitly communicates that it has sufficient resources to support both its growth initiatives and shareholder payouts.

It's important to analyze the dividend in the context of NIKE's historical payout patterns and industry standards. A consistent or increasing dividend trend can be a positive signal to the market, suggesting stability and a shareholder-friendly approach. Conversely, if competitors are reinvesting profits back into the business for growth and NIKE is choosing to pay dividends, it could raise questions about the company's growth opportunities and long-term strategy.

Lastly, the timing of the dividend payment can be relevant. A payment scheduled for April 1, 2024, allows investors to plan their investment strategy around this date, potentially leading to increased trading volume or stock price movement as the payment date approaches.

BEAVERTON, Ore.--(BUSINESS WIRE)-- NIKE, Inc. (NYSE: NKE) announced today that its Board of Directors has declared a quarterly cash dividend of $0.370 per share on the Company’s outstanding Class A and Class B Common Stock payable on April 1, 2024, to shareholders of record at the close of business March 4, 2024.

About NIKE, Inc.

NIKE, Inc., headquartered 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 https://investors.nike.com. Individuals can also visit https://about.nike.com/en/newsroom and follow NIKE on LinkedIn, Instagram and YouTube.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240208504512/en/

Investor Contact:

Paul Trussell

investor.relations@nike.com

Media Contact:

Virginia Rustique-Petteni

media.relations@nike.com

Source: NIKE, Inc.

FAQ

What is the dividend per share declared by Nike, Inc. (NKE)?

Nike, Inc. (NKE) has declared a quarterly cash dividend of $0.370 per share on the Company’s outstanding Class A and Class B Common Stock.

When will the dividend be payable to Nike, Inc. (NKE) shareholders?

The dividend will be payable on April 1, 2024, to shareholders of record at the close of business March 4, 2024.

What is the record date for the dividend declared by Nike, Inc. (NKE)?

The record date for the dividend declared by Nike, Inc. (NKE) is March 4, 2024.

What is the ticker symbol for Nike, Inc.?

The ticker symbol for Nike, Inc. is NKE.