Sneaker maker Nike will pay a quarterly dividend of $0.21 per share on both its class A and class B shares, the same rate it paid last quarter after raising the payout from $0.18 per share. The dividends have been adjusted to reflect the 2-for-1 stock split effected on Dec. 24, 2012.
The board of directors said yesterday that the quarterly dividend for the fourth quarter of its fiscal year is payable on July 1 to the holders of record at the close of business on June 3. Nike has paid a quarterly dividend every year since 1984.
The regular dividend payment equates to an $0.84-per-share annual dividend yielding 1.3% based on the closing price of Nike's stock on May 13.
The article Nike Keeps Dividend Steady at $0.21 originally appeared on Fool.com.Fool contributor Rich Duprey owns shares of Nike. The Motley Fool recommends Nike. The Motley Fool owns shares of Nike. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.