NIKE NKE Message Board - Msg: 30325283

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Non-Tech : NIKE NKE

NKE 62.67

-3.0%

Nov 3 3:59 PM EST

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From: Sr K	11/19/2015 5:43:42 PM
	of 66

NKE +$4 AH on this: 4:17 pm NIKE announces new $12 bln share repurchase program, 14% increase in quarterly dividend and two-for-one stock split (NKE) : Co approved a new four-year, $12 bln program to repurchase shares of NIKE's Class B Common Stock. The Company anticipates that the current $8 bln share repurchase program will be completed before the end of fiscal 2016, and the new program will commence upon the completion of the current program. Board of Directors also declared a quarterly cash dividend on the Company's outstanding Class A and Class B Common Stock of $0.32 per share, on a pre-split basis, payable on January 4, 2016 to shareholders of record at the close of business on December 9, 2015. The dividend represents a 14 percent increase over the previous pre-split quarterly rate of $0.28 per share. This is the fourteenth year in a row the Company has increased its annual dividend, over which time the dividend has increased by a factor of more than 10. Also approved a two-for-one split of both NIKE's Class A and Class B Common shares. The split will be in the form of a 100% stock dividend payable on Dec 23, 2015 to shareholders of record at the close Dec 9, 2015.

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