BEAVERTON, Ore. - NIKE, Inc. (NYSE: NKE) has declared a quarterly cash dividend of $0.40 per share on its Class A and Class B Common Stock, the company announced today. The dividend is payable on April 1, 2025, to shareholders of record at the close of business on March 3, 2025. According to InvestingPro data, NIKE has maintained dividend payments for 41 consecutive years and raised them for 23 straight years, with the current dividend yield standing at 2.21%.
As the world's leading designer, marketer, and distributor of athletic footwear, apparel, equipment, and accessories, NIKE, Inc. maintains a significant presence in the sports and fitness industries. With a market capitalization of $108.49 billion, NIKE has established itself as a prominent player in the Textiles, Apparel & Luxury Goods industry. The company's portfolio includes Converse, a subsidiary brand that designs, markets, and distributes athletic lifestyle footwear, apparel, and accessories.
This dividend declaration by NIKE's Board of Directors reflects the company's ongoing commitment to delivering value to its shareholders. It is a common practice for companies to return a portion of their profits to shareholders in the form of dividends, and NIKE's latest announcement is consistent with its history of regular dividend payments.
Investors often view dividend announcements as a sign of a company's financial health and stability. Regular and consistent dividend payouts may attract investors looking for steady income streams from their investments, in addition to potential capital gains.
The information about the dividend is based on a press release statement from NIKE, Inc. Investors and interested parties can access more details about NIKE's financial performance and other corporate announcements on the company's investor relations website.
NIKE's stock is publicly traded on the New York Stock Exchange under the ticker symbol NKE. The company's strategic market position and its global brand recognition make it a closely watched entity in the financial markets.
This dividend payout is part of NIKE's broader financial strategy, as the company continues to navigate the competitive landscape of the athletic apparel and footwear industry. InvestingPro analysis shows the stock is currently trading near its 52-week low, with a Fair Value assessment suggesting slight undervaluation. For deeper insights into NIKE's financial health and growth prospects, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro, which covers over 1,400 US stocks with detailed analysis and actionable intelligence.
In other recent news, Nike (NYSE:NKE) has garnered attention from several financial firms. Truist Securities maintained a Buy rating on Nike shares, with a $90 price target, highlighting the company's new product launches and marketing enhancements as potential growth drivers. In contrast, UBS reiterated a Neutral rating on Nike's stock, with a $73 price target, expressing caution about the company's near-term growth, especially in the Chinese market.
Williams Trading reiterated a Buy rating on Nike's stock, with a $93 price target, commending the new leadership for steering the company in a positive direction. Bernstein analysts also maintained an Outperform rating on Nike shares, with a $102 price target, noting significant strides in clearing inventory under the new CEO, Elliott Hill.
Lastly, Piper Sandler confirmed its positive stance on Nike stock, maintaining an Overweight rating and a $90 price target, expressing confidence in the company's direction and potential for average selling price opportunities as inventories are optimized. These recent developments reflect a diverse range of analyst perspectives on Nike's current performance and future potential.
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