Nike has declared its first dividend of 2013. The company is to pay $0.21 per share of its class A and class B stock on April 1 to shareholders of record as of March 4.
This matches the previous quarterly payout, which followed a two-for-one stock split made at the end of last year. Prior to that payout, the company had disbursed $0.36 per share in each of the preceding four quarters. Nike typically hoists its dividend once per year.
The present dividend annualizes to $0.84, which yields 1.5% at the current stock price of $54.62.
The article Nike Dividend Stays at $0.21 originally appeared on Fool.com.
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