Nike Maintains Dividend

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Nike is keeping its pace steady as far as shareholder payouts are concerned. The company has declared a quarterly dividend for both its Class A and B common stock of $0.21 per share. This will be paid on October 7 to shareholders of record as of September 3. That amount matches each of the firm's preceding three distributions, the most recent of which was paid at the beginning of July. The first of that trio of payouts was $0.42 per share, but this was in advance of a 2-for-1 stock split effected last December.

The freshly declared dividend annualizes to $0.84 per share. That yields 1.3% at Nike's most recent closing stock price of $66.51.

The article Nike Maintains Dividend originally appeared on Fool.com.

Fool contributor Eric Volkman has no position in Nike. The Motley Fool recommends and owns shares of Nike. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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