NIKE, INC. ANNOUNCES 17 PERCENT INCREASE IN QUARTERLY DIVIDEND

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.

Source Nike © by press release


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