NIKE, Inc. (NYSE:NKE – Get Free Report) announced a quarterly dividend on Monday, May 4th. Stockholders 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) dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Monday, June 1st.
NIKE has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 22 consecutive years. NIKE has a 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 Price Performance
Shares of NYSE NKE opened at $46.21 on Friday. The business’s 50 day moving average price is $45.75 and its 200 day moving average price is $56.76. The firm has a market cap of $68.42 billion, a P/E ratio of 30.60, a P/E/G ratio of 2.51 and a beta of 1.12. NIKE has a 52 week low of $41.35 and a 52 week high of $80.17. The company has a quick ratio of 1.45, a current ratio of 2.14 and a debt-to-equity ratio of 0.50.
NIKE Company Profile
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).
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