Nike hikes dividend for 12th year in a row

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.

“The 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.”

Nike