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

NIKE, Inc. (NYSE:NKE) announced a quarterly dividend on Friday, February 13th. Investors of record on Monday, March 2nd will be paid a dividend of 0.41 per share by the footwear maker on Wednesday, April 1st. This represents a c) annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Monday, March 2nd.

NIKE has increased its dividend payment by an average of 0.1%per year over the last three years and has increased 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 analysts expect NIKE to earn $2.34 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 70.1%.

NIKE Stock Down 2.8%

NKE stock traded down $1.78 during midday trading on Friday, hitting $62.17. The company’s stock had a trading volume of 18,004,521 shares, compared to its average volume of 14,146,070. The firm has a 50-day simple moving average of $63.30 and a 200-day simple moving average of $67.09. The firm has a market capitalization of $92.04 billion, a P/E ratio of 36.57, a PEG ratio of 3.27 and a beta of 1.27. The company has a quick ratio of 1.40, a current ratio of 2.06 and a debt-to-equity ratio of 0.50. NIKE has a 52-week low of $52.28 and a 52-week high of $80.96.

NIKE (NYSE:NKE) last posted its quarterly earnings data on Thursday, December 18th. The footwear maker reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.16. NIKE had a return on equity of 18.43% and a net margin of 5.43%.The business had revenue of $12.43 billion for the quarter, compared to analyst estimates of $12.19 billion. During the same quarter in the prior year, the company earned $0.78 earnings per share. The company’s revenue was up .6% on a year-over-year basis. As a group, equities analysts forecast that NIKE will post 2.05 EPS for the current year.

About NIKE

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).