NIKE, INC.

NKE
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Nike : Boosts Quarterly Dividend By 12%

11/20/2020 | 08:57am

By Robb M. Stewart

Nike Inc.'s board has approved a 12% increase in the footwear giant's quarterly cash dividend.

The company said Friday it will pay a dividend of 27.5 cents a share on class A and B stock, up from the prior payout rate of 24.5 cents.

The move marks a 19th consecutive year of increasing dividends and reflects Nike's financial strength and a record of returning capital to shareholders, the company said.

Write to Robb M. Stewart at robb.stewart@wsj.com

(END) Dow Jones Newswires

11-20-20 0856ET

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