Nike announces 17 percent rise in quarterly dividend

REPORT_ Nike’s Board of Directors has declared a quarterly cash dividend of 0.28 dollars per share on the Company’s outstanding Class A and Class B Common Stock. The dividend is payable on January 5, 2015, to shareholders of record at the close of business on December 15, 2014. This represents a 17 percent increase over the previous quarterly rate of 0.24 dollars.

“Nike has a consistent track record of delivering value to our shareholders and today’s announcement marks the 13th consecutive year we’ve increased our dividend,” said Mark Parker, President and CEO of Nike.