Nike: quarterly dividend up 9%

(CercleFinance.com) - Nike announces that its Board of Directors has approved a quarterly dividend of $0.
37 per share on outstanding Class A and Class B common stock, an increase of 9% over the previous level.

The sporting goods giant states that this dividend will be paid from 2 January 2024, to shareholders on record at close on 4 December. For the record, at end-September it announced a final quarterly EPS of $0.94.

Management said that Nike has a proven track record of delivering strong cash flow and returns to shareholders, and today's announcement marks the 22nd consecutive year that it has increased its dividend.


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