Nike hikes dividend by 8.1% in 2024

On November 14, 2024, Nike Inc. announced an 8.1% increase in its quarterly dividend. This marks the 23rd consecutive year of dividend growth for the company, continuing its track record of consistent dividend increases.

Nike has demonstrated a steady pattern of dividend growth in recent years with double digit increases for many years. Below is the breakdown of annual dividend increases:

nike 2024 dividend stats

Over the last five years, Nike's compound annual growth rate (CAGR) for dividends has been 10.3%, and over the last ten years, the CAGR is 11.1%.

nike long term chart

Dividend Track Record

Nike pays dividends on a quarterly basis and has maintained a streak of 23 years of consecutive increases, reflecting its strong financial performance and commitment to returning value to shareholders.

These figures highlight Nike’s continued focus on dividend growth, even in challenging market conditions. Nike is one of the 2024 Dividend Heroes together with Griffon (GFF).

NIKE, Inc. is a designer, marketer and distributor of authentic athletic footwear, apparel, equipment and accessories for a wide variety of sports and fitness activities. The company’s 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. The company has been paying a dividend to shareholders every year since at least 1986.

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