BEAVERTON, Ore.--(BUSINESS WIRE)--NIKE, Inc. (NYSE: NKE) announced today that its Board of Directors has declared a quarterly cash dividend of $0.24 per share on the Company’s outstanding Class A and Class B Common Stock. The $0.24 quarterly dividend, which is payable on January 6, 2014, to shareholders of record at the close of business on December 16, 2013, represents a 14 percent increase over the previous quarterly rate of $0.21. This is the twelfth year in a row the Company increased its annual dividend.
“Today’s announcement demonstrates our ongoing commitment to delivering shareholder value,” said Mark Parker, President and CEO of NIKE, Inc. “Over the last decade NIKE has returned over $15 billion to shareholders through dividend payments and share repurchases. Today’s increase reflects the strength of our balance sheet and the confidence we have in our strategies to generate sustainable, profitable growth and strong cash flows that allow us 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 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 on the Internet at http://investors.nikeinc.com and individuals can 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.