NIKE, Inc. (NKE) announced today that its Board of Directors approved a quarterly cash dividend of $0.340 per share on the company’s outstanding Class A and Class B Common Stock. This represents an increase of 11 percent versus the prior quarterly dividend rate of $0.305 per share. The dividend declared today is payable on December 28, 2022 to shareholders of record at the close of business December 5, 2022.

“Today’s announcement marks NIKE’s 21st consecutive year of increasing dividend payouts,” said John Donahoe, President and CEO, NIKE, Inc. “This dividend increase illustrates the continued success of our Consumer Direct Acceleration strategy, as we invest in capabilities that are accelerating our digital transformation and fueling long-term profitable growth.”

NIKE 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.