Nike boosts dividend payment

Comment on this story


Beaverton, Oregon - Nike is boosting its dividend payment and planning a two-for-one stock split.

The Beaverton, Oregon-based company said on Thursday both classes of its stock will split on December 24.

It expects its common stock to begin trading at the split-adjusted price on December 26.

Companies split their stocks when they think the price of an individual share has become too expensive or if the stock is trading too far above similar companies' stock. The value of each shareholder's stake remains the same, with more stock owned at a lower price for each share.

Nike’s widely traded Class B stock closed at $90.83 on Thursday.

The athletic shoe and clothing company also declared a 17-percent hike in its quarterly dividend to 21 cents per share. - Sapa-AP


sign up
 
 

Comment Guidelines



  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.

     

Join us on

IOL-Social networks IOL-Social networks IOL-Social networks IOL-Social networks