NIKE (NKE) will raise its quarterly dividend by 16.7 percent to 42 cents per share in the fourth quarter of 2012. This follows a 16.1 percent dividend hike by the athletic footwear maker last year.
The increased dividend will be paid on December 26, 2012 to stockholders of record on December 10, 2012.
NIKE, Inc. is a designer, marketer and distributor of authentic athletic footwear, apparel, equipment and accessories for a wide variety of sports and fitness activities. The company’s brands include Converse, which designs, markets and distributes athletic lifestyle footwear, apparel and accessories; and Hurley, which designs, markets and distributes surf and youth lifestyle footwear, apparel and accessories.