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The new dividend of 27.5 cents per share, up from 24.5 cents previously, is to be paid out on December 29 to the shareholders registered on December 7. The sporting goods manufacturer claims to have increased the dividend for 19 years in a row. The share rose 0.1 percent to $ 132.10 in pre-market US trading.
Based on the closing price of Nike stock on Thursday of $ 131.91, this results in an annual dividend yield of 0.83 percent, compared to the implied yield for the S&P 500 of 1.60 percent.
The Nike share has gained 30.2 percent since the beginning of the year, while the Dow Jones Index, in which the share is listed, rose 3.3 percent.
At times, Nike shares rose 1.03 percent to $ 133.26 on the NYSE.
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NEW YORK (Dow Jones)
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