As per reports, Nike Inc’s (NKE) board has declared a quarterly cash dividend of $0.305 per share on the company’s outstanding Class A and Class B Common Stock, payable on December 28, 2021. The dividend is payable to stockholders as of December 6, 2021, and marks an increase of 11 percent from the earlier quarterly dividend rate of $0.275 per share.
“NIKE continues to fuel growth through our Consumer Direct Acceleration strategy, while generating strong cash flow and increasing returns to shareholders. 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,” stated John Donahoe, President, and CEO, NIKE. Inc.
NIKE, Inc. (NKE) is the world’s top designer, marketer, and distributor of athletic footwear, equipment, apparel, and accessories. The Beaverton, Oregon-based company offers products for a wide variety of sports and fitness activities. To learn more about NIKE, Inc. (NIKE) and to continue to track its progress please visit the Vista Partners NIKE Coverage Page.
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