Despite the coronavirus crisis, which has led other companies forego or reduced their dividends to preserve their liquidity, Nike has announced a 12 percent increase in its quarterly dividend to $0.275 per share, payable on Dec. 29 to shareholders of record on Dec. 7. It is the 19th consecutive year in which the Swoosh has been raising its dividend payouts. The announcement helped Nike’s stock to get close to its 52-week high. Its market capitalization has more than doubled since March. It rose strongly after the management predicted in September that the company’s sales will be “up significantly” for the financial year ending in May 2021.

Topics