Nike boosts quarterly dividend 24 percent
November 18, 2005
BEAVERTON, Ore. (18 November, 2005) – The Board of Directors of NIKE, Inc. (NYSE:NKE) has declared a quarterly cash dividend of thirty-one cents ($0.31) per share on the Company’s outstanding Class A and Class B Common Stock. The 31-cent quarterly dividend, which is payable January 3, 2006 to shareholders of record at the close of business December 12, 2005, is a 24 percent increase over the previous quarterly rate of $0.25 per share. "We are very pleased to announce an increase in our cash payout to investors for the fourth consecutive year" said Philip H. Knight, NIKE, Inc. founder and chairman. "Nike continues to deliver very strong cash flow. Over the past five years, the Company has returned over 20 percent of this cash to shareholders through dividends. Today’s twenty-four percent increase reflects our confidence in our cash flow generation, solid balance sheet and the long-term growth prospects for our company."* About NIKE, Inc. NIKE, Inc. based in Beaverton, Oregon 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 subsidiaries include Converse Inc., which designs, markets and distributes athletic footwear, apparel and accessories; Bauer NIKE Hockey Inc., a leading designer and distributor of hockey equipment; Cole Haan, a leading designer and marketer of luxury shoes, handbags, accessories and coats; Hurley International LLC, which designs, markets and distributes action sports and youth lifestyle footwear, apparel and accessories and Exeter Brands Group LLC, which designs and markets athletic footwear and apparel for the value retail channel. * The marked paragraphs contain forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially. These risks and uncertainties are detailed from time to time in reports filed by NIKE with the S.E.C., including Forms 8-K, 10-Q, and 10-K.