Nike, Inc. announced that its Board of Directors approved a quarterly cash dividend of $0.370 per share on the company’s outstanding Class A and Class B Common Stock. This represents an increase of 9 percent versus the prior quarterly dividend rate of $0.340 per share. The dividend declared today is payable on Jan. 2, 2024, to shareholders of record at the close of business Dec. 4, 2023.
“Nike has a consistent track record of delivering strong cash flow and returns for shareholders, and today’s announcement marks the 22nd consecutive year we have increased our dividend,” said John Donahoe, President & CEO, Nike, Inc. “This dividend increase reflects our continued confidence in our strategies to generate sustainable, profitable growth while investing for the future.”
