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Nike announces 14% increase in quarterly dividend

NIKE announced that its board of directors has declared a quarterly cash dividend of 24c per share on the company’s outstanding Class A and Class B Common Stock. The 24c quarterly dividend, which is payable on January 6, 2014, to shareholders of record at the close of business on December 16, represents a 14% increase over the previous quarterly rate of 21c. This is the twelfth year in a row the company increased its annual dividend.