NIKE, Inc. (NYSE:NKE) Declares $0.41 Quarterly Dividend

Key Points

• NIKE declared a quarterly dividend of $0.41 per share, payable July 1 to holders of record on June 1 (ex-dividend June 1), implying an annualized dividend of $1.64 and a yield of about 3.8%.
• The company has raised its dividend every year for the past 22 years and currently has a payout ratio of 63.3%, while analysts forecast $1.88 EPS next year (implying a future payout ratio near 87.2%).
• NIKE beat last quarter's EPS estimates ($0.35 vs. $0.29) on $11.28B of revenue, but shares opened at $43.17 (down 2.8%) and remain close to a 12‑month low of $42.09.

NIKE, Inc. (NYSE:NKE - Get Free Report) announced a quarterly dividend on Monday, May 4th. Investors of record on Monday, June 1st will be paid a dividend of 0.41 per share by the footwear maker on Wednesday, July 1st. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Monday, June 1st.

NIKE has increased its dividend payment 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% indicating that its dividend is sufficiently covered by earnings. Analysts expect NIKE to earn $1.88 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 87.2%.

NIKE Trading Down 2.8%

Shares of NKE opened at $43.17 on Tuesday. The company has a current ratio of 2.14, a quick ratio of 1.45 and a debt-to-equity ratio of 0.50. NIKE has a 12-month low of $42.09 and a 12-month high of $80.17. The firm has a 50-day moving average price of $51.39 and a 200 day moving average price of $59.65. The firm has a market capitalization of $63.93 billion, a P/E ratio of 28.59, a P/E/G ratio of 2.36 and a beta of 1.12.

NIKE (NYSE:NKE - Get Free Report) last posted its earnings results on Tuesday, March 31st. The footwear maker reported $0.35 EPS for the quarter, beating analysts' consensus estimates of $0.29 by $0.06. NIKE had a net margin of 4.84% and a return on equity of 16.41%. The company had revenue of $11.28 billion for the quarter, compared to analysts' expectations of $11.23 billion. During the same quarter in the prior year, the company posted $0.54 earnings per share. NIKE's revenue for the quarter was up .1% compared to the same quarter last year. Sell-side analysts forecast that NIKE will post 1.51 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).

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