Nike's Ex-Dividend Date Is Friday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Nike (NYSE:NKE) has announced that shareholders owning the stock before the ex-dividend date on Friday will be eligible for a quarterly dividend payout of 37 cents per share. The stock is expected to open 37 cents lower on the ex-dividend date to reflect the payout. The dividend is scheduled to be paid on January 02, 2024.
November 28, 2023 | 2:45 pm
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Nike will pay a quarterly dividend of $0.37 per share, with the ex-dividend date set for this Friday. The stock price is likely to open lower by the dividend amount on the ex-dividend date.
The stock price of Nike is expected to decrease by the amount of the dividend on the ex-dividend date, which is a common occurrence as the value of the dividend is accounted for in the stock price. This is a short-term price adjustment and does not reflect a change in the company's fundamentals.
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