Nike Inc announced yesterday that its board of directors has declared a quarterly cash dividend of US$0.31 per share on the company’s outstanding Class A and Class B Common Stock.
The $0.31 quarterly dividend, which is payable on 30 December 2010, to shareholders of record at the close of business on 6 December 2010, represents a 15% increase over the previous quarterly rate of US$0.27 per share.
"We are pleased to increase our dividend for the ninth year in a row," said Mark Parker, President and CEO of NIKE, Inc.
"Over the last five years we have returned more than US$2 billion to shareholders through dividend payments. Today’s increase illustrates the strength of our balance sheet and the acceleration of our business.
"We are confident our strategies will continue to drive long-term profitable growth and strong cash flows that will fuel investments for the future and enable us to return cash to shareholders."
