Nike Declares New Dividend; Yield Is Just Under 1%
Nike (NYSE: NKE) has decided to continue remunerating its shareholders. Late Thursday, the company announced its board of directors has declared a new quarterly dividend for the athletic equipment and apparel giant's Class A and Class B common stock. In both instances, the distribution will be just under $0.25 per share.
The new payout -- the amount of which matches the preceding two dividends -- will be dispensed on Oct. 1 to investors of record as of Aug. 31. At the current share price, it yields slightly below 1%.
Image source: Getty Images.
Source Fool.com
