Nike Inc. Announces 17 Percent Increase in Quarterly Dividend and Two-for-One Stock Split
The stock split will be in the form of a 100 percent stock dividend payable on December 24, 2012 to shareholders of record at the close of business December 10, 2012.
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"NIKE has a consistent track record of delivering value to our shareholders," said Mark Parker, president and CEO of NIKE Inc. "Over the last 11 years the company has returned over $14 billion to shareholders through dividend payments and share repurchases. Today's increase, together with the four-year, $8 billion share repurchase program announced in September, reflects our commitment to delivering value for our shareholders and the ongoing confidence we have in our strategy to generate long-term profitable growth and strong cash flows. I've never been more confident and excited about our future growth opportunities."
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