Nike (NYSE: NKE) investors are likely a happy bunch this month. They have a dividend to look forward to before the year is over. Even more, that dividend will be higher than it was last year. The athletic footwear and apparel company's ability to deliver a double-digit increase during a bear market highlights one of the key advantages of owning quality dividend stocks during times like these.

To better appreciate Nike's dividend, let's look at a few important characteristics about it in this article. In addition, we'll assess the prospects of continued dividend growth.

The retailer's most recent dividend increase was announced last month and is payable on Dec. 28 to shareholders of record at the close of business on Dec. 5. Shareholders will receive a quarterly dividend of $0.34 per share, translating to an 11% increase over last year's dividend.

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Source Fool.com