Nike announces that its Board of Directors has approved a quarterly dividend of $0.37 per share on outstanding Class A and B common stock, up 9% on the previous level.

The sporting goods giant says the dividend will be paid from January 2, 2024, to shareholders of record at the close of trading on December 4. As a reminder, at the end of September it reported a final quarterly EPS of $0.94.

'Nike has a proven track record of cash flow and solid shareholder returns, and today's announcement marks the 22nd consecutive year we have increased our dividend', emphasizes CEO John Donahoe.

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