3 Things Investors Should Know About Nike's New Dividend
Nike (NYSE: NKE) is giving its shareholders a raise. The sports apparel giant recently announced a 12% hike to its dividend that will push the annual payout to $1.10 per share in 2021 compared to $0.70 per share in 2017.
Wall Street usually greets dividend hikes as good news since they mean more direct cash returns and imply improving finances. But there's a few things investors should know about Nike's new payout.
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Source Fool.com