Reported Late Tuesday, NIKE Increased Its Quarterly Dividend By 9% To $0.370 From $0.340
Portfolio Pulse from Benzinga Newsdesk
NIKE's Board of Directors has approved a 9% increase in the quarterly cash dividend, raising it from $0.340 to $0.370 per share on both Class A and Class B Common Stock. The new dividend will be payable on January 2, 2024, to shareholders of record as of December 4, 2023.
November 15, 2023 | 7:57 am
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POSITIVE IMPACT
NIKE has announced a 9% increase in its quarterly dividend, which is a positive signal to investors and reflects the company's confidence in its financial stability and commitment to shareholder returns.
Dividend increases are typically viewed positively by the market as they often indicate a company's strong financial health and profitability. For NIKE, this increase in dividends is likely to be seen as a commitment to returning value to shareholders, which could have a positive impact on investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100