EX-Dividend Schedule: NIKE Has a Dividend Yield of 1.11%; Will Trade Ex-Dividend on June 01, 2018

LONDON, UK / ACCESSWIRE / May 31, 2018 / Active-Investors has a free review on NIKE, Inc. (NYSE: NKE) following the Company’s announcement that it will begin trading ex-dividend on June 01, 2018. To capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on May 31, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on NKE:

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Dividend Declared

On May 10, 2018, NIKE announced that its Board of Directors has declared a quarterly cash dividend of $0.20 per share on the company’s outstanding Class A and Class B Common Stock payable on July 05, 2018, to shareholders of record at the close of business on June 04, 2018.

Nike’s indicated dividend represents a yield of 1.11% compared to the average dividend yield of 1.95% for the Consumer Goods sector.

Dividend Insights

Nike has a dividend payout ratio of 34.2%, which indicates that the Company spends approximately $0.34 for dividend distribution out of every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.

According to analysts’ estimates, Nike is forecasted to report earnings of $2.69 per share for the next year, which is more than three times higher than the Company’s annualized dividend of $0.80 per share.

As of February 28, 2018, Nike’s cash and cash equivalents totaled $3.66 billion compared to cash and cash equivalents of $3.81 billion as on February 28, 2017. For the nine months ended February 28, 2018, the Company’s cash provided in operating activities totaled $2.69 billion compared to $2.88 billion used in the prior year’s same period. The Company’s financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain the dividend distribution for a long period.

About NIKE, Inc.

NIKE is the world’s leading designer, marketer, and distributor of authentic athletic footwear, apparel, equipment, and accessories for a wide variety of sports and fitness activities. Wholly-owned NIKE subsidiary brands include Converse, which designs, markets and distributes athletic lifestyle footwear, apparel and accessories; and Hurley, which designs, markets and distributes surf and youth lifestyle footwear, apparel and accessories.

NIKE was founded in 1964 and is headquartered in Beaverton, Oregon.

Stock Performance Snapshot

May 30, 2018 – At Wednesday’s closing bell, NIKE’s stock climbed 1.85%, ending the trading session at $72.23.

Volume traded for the day: 5.79 million shares.

Stock performance in the last month – up 5.61%; previous three-month period – up 7.76%; past twelve-month period – up 36.49%; and year-to-date – up 15.48%

After yesterday’s close, NIKE’s market cap was at $116.30 billion.

Price to Earnings (P/E) ratio was at 31.24.

The stock has a dividend yield of 1.11%.

The stock is part of the Consumer Goods sector, categorized under the Textile – Apparel Footwear & Accessories industry. This sector was up 0.9% at the end of the session.

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