Despite the current supply chain challenges, Nike’s board of directors has decided to grant a quarterly cash dividend of 30.5 cents per share to its shareholder on Dec. 28, for an increase of 11 percent versus the previous quarterly dividend. Noting that this is the company’s 20th consecutive year of rising dividend payouts, John Donahue, president and CEO of the group, said that Nike “continues to fuel growth through our Consumer Direct Acceleration strategy, while generating strong cash flow and increasing returns to shareholders.” The share price of the company, which is due to publish its quarterly results late on Dec. 20, saw its share price rise by more than 3 percent as the stock market opened after the announcement, coming close to its 52-week record of $179.10.

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