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Nov. 14, 2019, 4:53 p.m. EST

Nike increases dividend 11%

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By Max A. Cherney

NKE

Nike Inc. /zigman2/quotes/203439053/composite NKE -0.38% said late Thursday it was increasing its divided by 11% to 24.5 cents a share from 22 cents a share on the company's class A and B stock. Nike stock rose 0.5% in the extended session. The dividend is payable Jan. 2, 2020 to shareholders of record at the close of business Dec. 2. Nike said it is the eighteenth consecutive year that it has increased the dividend payout.

/zigman2/quotes/203439053/composite
US : U.S.: NYSE
$ 96.63
-0.37 -0.38%
Volume: 6.58M
Dec. 9, 2019 6:30p
P/E Ratio
36.12
Dividend Yield
1.01%
Market Cap
$150.84 billion
Rev. per Employee
$529,466
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