As per reports, NIKE, Inc. (NKE) has increased its quarterly dividend by 12%, or 3 cents per share. The company informed in September that it expects sales in the second half of its fiscal year ending May 2021 to be “up significantly”, as it bounces back from a drop earlier this year due to the pandemic. A cash dividend of $0.275 per share on Nike’s outstanding class A and class B stock is payable on Dec. 29.
This year marks Nike’s 19th consecutive year of increasing dividend payouts, after a rise in its quarterly payments by 11% in 2019.
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.