Nike Sets 2-for-1 Stock Split, Boosts Dividend by 17%

Nike Inc. (NKE), the world’s largest sporting-goods company, announced a 2-for-1 stock split and boosted its dividend by 17 percent.

The split will increase the number of outstanding shares of Nike Class A and Class B common stock to about 178 million and 720 million, respectively, the Beaverton, Oregon-based company said today in a statement.

The quarterly dividend will rise 3 cents to 21 cents a share, on a post-split basis, and will be payable to shareholders of record on Dec. 10, Nike said.

Nike rose 1 percent to $91.70 at 4:31 p.m. in New York. The shares had dropped 5.7 percent this year through the close of regular trading.

To contact the reporter on this story: James Callan in New York at jcallan2@bloomberg.net

To contact the editor responsible for this story: Robin Ajello at rajello@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.