BEAVERTON, Ore. - (Business Wire) NIKE, Inc. (NYSE: NKE) announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.25 per share on the company’s outstanding Class A and Class B Common Stock. On an annual basis, this is an indicated rate of $1.00. The $0.25 quarterly dividend, which represents a nine percent increase over the previous quarterly rate of $0.23 per share, is payable on January 5, 2009 to shareholders of record at the close of business on December 8, 2008.
“We are pleased to increase our cash payout to shareholders for the seventh year in a row," said Mark Parker, Nike, Inc. President and CEO. “This increase reflects our ongoing confidence in Nike’s long-term growth prospects, expanding cash flows and strong balance sheet.”*
About NIKE, Inc.
NIKE, Inc. based near Beaverton, Oregon, is the world's leading designer, marketer and distributor of authentic athletic footwear, apparel, equipment and accessories for a wide variety of sports and fitness activities. Wholly-owned Nike subsidiaries include Cole Haan, which designs, markets and distributes luxury shoes, handbags, accessories and coats; Converse Inc., which designs, markets and distributes athletic footwear, apparel and accessories; Hurley International LLC, which designs, markets and distributes action sports and youth lifestyle footwear, apparel and accessories; and Umbro Ltd., a leading United Kingdom-based global football (soccer) brand. For more information, Nike’s earnings releases and other financial information are available on the Internet at www.nikebiz.com/investors.
* The marked paragraphs contain forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially. These risks and uncertainties are detailed from time to time in reports filed by Nike with the S.E.C., including Forms 8-K, 10-Q, and 10-K. Some forward-looking statements in this release concern changes in futures orders that are not necessarily indicative of changes in total revenues for subsequent periods due to the mix of futures and “at once” orders, exchange rate fluctuations, order cancellations and discounts, which may vary significantly from quarter to quarter, and because a significant portion of the business does not report futures orders.
NIKE, Inc.
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