NIKE, Inc. (NKE) will raise its quarterly dividend by 10.9 percent to $0.3050 per share in 2021. This follows a dividend hike of 12.2 percent to 27.5 cents per share in 2020 by NKE and marks 20 years of dividend increases in a row by the footwear and apparel company.
The dividend declared today by NKE is payable on December 28, 2021 to shareholders of record at the close of business December 6, 2021. A new annual rate of $1.22 per share yields 0.7% at a stock price of $270.60.
“NIKE continues to fuel growth through our Consumer Direct Acceleration strategy, while generating strong cash flow and increasing returns to shareholders,” said John Donahoe, President and CEO, NIKE. Inc. “This is now our 20th consecutive year of increasing dividend payouts, and reflects our strong track record and confidence in our ability to deliver sustainable, profitable, capital-efficient growth over the long-term.”*
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. The company has been paying a dividend to shareholders every year since at least 1986.