NIKE, Inc. (NYSE: NKE) announced today that its Board of Directors has
declared a quarterly cash dividend of $0.28 per share on the Company’s
outstanding Class A and Class B Common Stock. The $0.28 quarterly
dividend, which is payable on January 5, 2015, to shareholders of record
at the close of business on December 15, 2014, represents a 17 percent
increase over the previous quarterly rate of $0.24.
“NIKE has a consistent track record of delivering value to our
shareholders and today’s announcement marks the 13th consecutive year
we’ve increased our dividend,” said Mark Parker, President and CEO of
NIKE, Inc. “This increase, together with the four-year $8 billion share
repurchase program announced in 2012, reflects the confidence we have in
our strategies to generate sustainable, profitable growth and strong
cash flows, to invest for the future and return cash to shareholders.”*
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. subsidiaries include
Converse Inc., which designs, markets and distributes athletic lifestyle
footwear, apparel and accessories; and Hurley International LLC, which
designs, markets and distributes surf and youth lifestyle footwear,
apparel and accessories. For more information, NIKE’s earnings releases
and other financial information are available at http://investors.nike.com.
Individuals can also visit http://news.nike.com/
and 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 S.E.C., including Forms 8-K,
10-Q, and 10-K.
Copyright Business Wire 2014