Nike improves Qtly dividend 24%

19 Nov '05

2 min read

Board of Directors of Oreland based famous footwear seller Nike Inc's has declared a quarterly cash dividend of thirty-one cents ($0.31) per share on the Company's outstanding Class A and Class B Common Stock.

The 31-cent quarterly dividend, which is payable January 3, 2006 to shareholders of record at the close of business December 12, 2005, is a 24 percent increase over the previous quarterly rate of $0.25 per share.

"They are very pleased to announce an increase in their cash payout to investors for the fourth consecutive year" said Philip H. Knight, NIKE Inc Founder and Chairman. "Nike continues to deliver very strong cash flow. Over the past five years, the Company has returned over 20 percent of this cash to shareholders through dividends. Today's twenty-four percent increase reflects their confidence in cash flow generation, solid balance sheet and the long-term growth prospects for company.

Wholly owned Nike subsidiaries include Converse Inc, which designs, markets and distributes athletic footwear, apparel and accessories.

Bauer NIKE Hockey Inc, a leading designer and distributor of hockey equipment; Cole Haan, a leading designer and marketer of luxury shoes, handbags, accessories and coats; Hurley International LLC, which designs, markets and distributes action sports and youth lifestyle footwear, apparel and accessories and Exeter Brands Group LLC, which designs and markets athletic footwear and apparel for the value retail channel.

Nike Inc

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