Nike (NKE) Raises Quarterly Dividend 14.3% to $0.32; 1% Yield

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Go back to Nike (NKE) Raises Quarterly Dividend 14.3% to $0.32; 1% Yield

NIKE, Inc. Announces New $12 Billion Share Repurchase Program, 14 Percent Increase in Quarterly Dividend, and Two-for-One Stock Split

November 19, 2015 4:15 PM EST

BEAVERTON, Ore.--(BUSINESS WIRE)-- NIKE, Inc. (NYSE: NKE) announced today that its Board of Directors approved a new four-year, $12 billion program to repurchase shares of NIKEs Class B Common Stock. The Company anticipates that the current $8 billion share repurchase program will be completed before the end of fiscal 2016, and the new program will commence upon the completion of the current program.*

Repurchases under the Companys new program will be made in open market or privately negotiated transactions in compliance with Securities and Exchange Commission Rule 10b-18, subject to market conditions,... More