NIKE, Inc. (NYSE:NKE) announced today that its Board of Directors approved a quarterly cash dividend of $0.370 per share on the Company's outstanding Class A and Class B Common Stock. This represents an increase of 9 percent versus the prior quarterly dividend rate of $0.340 per share. The dividend declared today is payable on January 2, 2024, to shareholders of record at the close of business December 4, 2023.

"Nike has a consistent track record of delivering strong cash flow and returns for shareholders and today's announcement marks the 22nd consecutive year we have increased our dividend," said John Donahoe, President & CEO, NIKE, Inc. "This dividend increase reflects our continued confidence in our strategies to generate sustainable, profitable growth, while investing for the future."*

About NIKE, Inc.

NIKE, Inc., headquartered 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. Converse, a wholly-owned NIKE, Inc. subsidiary brand, designs, markets and distributes athletic lifestyle footwear, apparel and accessories. For more information, NIKE, Inc.'s earnings releases and other financial information are available on the Internet at https://investors.nike.com. Individuals can also visit https://about.nike.com/en/newsroom and follow NIKE on LinkedIn, Instagram and YouTube.

* 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 U.S. Securities and Exchange Commission (SEC), including Forms 8-K, 10-Q and 10-K.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231114769552/en/

NIKE, Inc. Announces 9 Percent Increase in Quarterly Dividend