Nike increases dividend by 11%

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Nike Inc. NKE, -0.23% said late Thursday that its board of directors has approved a 11% dividend increase to 30.5 cents a share. The dividend is payable Dec. 28 to shareholders of record at the close of Dec. 6, the company said. That is Nike’s 20th straight year of dividend increases, reflecting “our strong track record and confidence in our ability to deliver sustainable, profitable, capital-efficient growth over the long-term,” Chief Executive John Donahoe said in a statement. Shares of Nike rose 0.5% in the extended session after ending the regular trading day 0.2% lower.

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