NIKE, Inc. (NKE) to Issue Quarterly Dividend of $0.41 on April 1st

NIKE, Inc. (NYSE:NKE) declared a quarterly dividend on Friday, February 13th. Shareholders 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) dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Monday, March 2nd.

NIKE has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 22 years. NIKE has a payout ratio of 63.3% meaning 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 Trading Down 2.8%

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

NIKE (NYSE:NKE) last issued its quarterly earnings results on Thursday, December 18th. The footwear maker reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.16. The business had revenue of $12.43 billion for the quarter, compared to analyst estimates of $12.19 billion. NIKE had a return on equity of 18.43% and a net margin of 5.43%.The firm’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.78 earnings per share. Research analysts anticipate 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).