Nike Inc. Announces 17 Percent Increase in Quarterly Dividend and Two-for-One Stock Split
Upon completion of the split, the outstanding shares of NIKE Class A and Class B common stock will increase to approximately 178 million and 720 million, respectively. The Company expects its common stock to begin trading at the split-adjusted price on December 26, 2012.
In addition, the board of directors declared a quarterly cash dividend on the company's outstanding Class A and Class B Common Stock of $0.21 per share, on a post-split basis, payable on December 26, 2012 to shareholders of record at the close of business on December 10, 2012. The dividend represents a 17 percent increase over the previous split-adjusted quarterly rate of $0.18 per share. This is the eleventh year in a row the company has increased its annual dividend, over which time the dividend has increased by a factor of almost seven.