Estimated read time: Less than a minute
This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.
BEAVERTON, Ore. (AP) - Nike is increasing its quarterly dividend by 14 percent.
The athletic shoe maker's new dividend of 24 cents per share will be paid on Jan. 6 to shareholders of record as of Dec. 16. That's up from its most recent dividend of 21 cents per share.
Shares of the Beaverton, Ore.-based company rose 23 cents to $78.32 in extended trading following the announcement.
(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)