Nike declares 11 percent increase in quarterly dividend

Nike, Inc. has announced that its board of directors has approved a quarterly cash dividend of 245 cents per share on the company’s outstanding Class A and Class B Common Stock, which represents an increase of 11 percent versus the prior quarterly dividend rate of 22 cents per share. The company added that dividend declared is payable on January 2, 2020 to shareholders of record at the close of business December 2, 2019.