Printer Friendly

NIKE INCREASES QUARTERLY DIVIDEND 33 PERCENT

 BEAVERTON, Ore., Nov. 20 ~PRNewswire~ -- The board of directors of NIKE Inc. (NYSE: NKE; PSE) today declared a cash dividend of 20 cents per share on the company's outstanding Class A and Class B common stock payable Jan. 4, 1993, to shareholders of record at the close of business on Dec. 11, 1992. This is a 33-percent increase over the previous quarterly rate of 15 cents per share.
 "This is the fifth consecutive annual increase in NIKE's dividend rate and reflects our consistent earnings growth over that time period," said NIKE Chief Executive Officer Philip H. Knight. "As we continue to invest aggressively in significant worldwide growth opportunities, we plan to continue our policy of paying a dividend between 15 percent to 25 percent of trailing 12-month earnings."
 -0- 11~20~92
 ~CONTACT: Ron Parham of NIKE, 503-671-3079~
 (NKE)


CO: NIKE Inc. ST: Oregon IN: TEX SU: DIV

JH-LM -- SE010 -- 0082 11~20~92 18:41 PST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Nov 20, 1992
Words:157
Previous Article:CHARLES J. HORA JR. ELECTED PRESIDENT OF LORD CORPORATION
Next Article:GREAT AMERICAN INSURANCE COMPANY ANNOUNCES EXTENSION OF TENDER OFFER FOR COMMON STOCK OF STI GROUP, INC.
Topics:


Related Articles
NIKE ANNOUNCES INCREASE IN QUARTERLY DIVIDEND
NIKE DECLARES DIVIDEND; COMMENTS ON EARNINGS ESTIMATE
NIKE INCREASES QUARTERLY DIVIDEND 25 PERCENT
NIKE INCREASES QUARTERLY DIVIDEND 20 PERCENT
Nike Increases Quarterly Dividend 33 Percent
NIKE Boosts Quarterly Dividend 24 Percent.
Nike Increases Quarterly Dividend 19 Percent.
NIKE, Inc. Announces Two-for-One Stock Split and Declares Dividend.
NIKE, Inc. Announces Two-for-One Stock Split and Declares Dividend.
Nike Increases Quarterly Dividend 24 Percent.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters