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.

Copyright (c) 2023 CercleFinance.com. All rights reserved.