NIKE, Inc. (NYSE:NKE) Declares Quarterly Dividend of $0.41

NIKE, Inc. (NYSE:NKEGet Free Report) announced a quarterly dividend on Monday, May 4th. Investors of record on Monday, June 1st will be paid a dividend of 0.41 per share by the footwear maker on Wednesday, July 1st. This represents a c) annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Monday, June 1st.

NIKE has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 22 consecutive years. NIKE has a dividend payout ratio of 63.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect NIKE to earn $1.88 per share next year, which means the company should continue to be able to cover its $1.64 annual dividend with an expected future payout ratio of 87.2%.

NIKE Stock Down 2.8%

Shares of NIKE stock opened at $43.17 on Tuesday. NIKE has a one year low of $42.09 and a one year high of $80.17. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.14 and a quick ratio of 1.45. The stock’s 50-day moving average is $51.39 and its 200 day moving average is $59.65. The firm has a market cap of $63.93 billion, a price-to-earnings ratio of 28.59, a PEG ratio of 2.36 and a beta of 1.12.

NIKE (NYSE:NKEGet Free Report) last announced its earnings results on Tuesday, March 31st. The footwear maker reported $0.35 EPS for the quarter, beating the consensus estimate of $0.29 by $0.06. NIKE had a return on equity of 16.41% and a net margin of 4.84%.The company had revenue of $11.28 billion for the quarter, compared to analyst estimates of $11.23 billion. During the same quarter in the prior year, the company earned $0.54 EPS. The firm’s revenue for the quarter was up .1% compared to the same quarter last year. Equities research analysts anticipate that NIKE will post 1.51 EPS for the current year.

Key NIKE News

Here are the key news stories impacting NIKE this week:

NIKE Company Profile

(Get Free Report)

Nike, Inc (NYSE: NKE) is a global designer, marketer and distributor of athletic footwear, apparel, equipment and accessories. Founded in 1964 as Blue Ribbon Sports by Phil Knight and Bill Bowerman and renamed Nike in 1971, the company is headquartered near Beaverton, Oregon. Nike develops and commercializes products across performance and lifestyle categories for sports including running, basketball, soccer and training, and is known for signature technologies and design-driven product lines.

The company markets products under several primary brands, including Nike, Jordan and Converse, and sells through a combination of wholesale relationships, branded retail stores and direct-to-consumer channels such as company-operated stores and digital platforms (e.g., Nike.com and mobile apps).

Further Reading

Dividend History for NIKE (NYSE:NKE)

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