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What Nike's Dividend Increase Means for Mutual Fund Investors (NKE)

Shauna O'Brien

|

Nike Inc image
On Thursday, Nike (NKE) reported that it boosted its dividend by 17% – the company has been raising its dividend every year since 2009.

Inside the Dividend Boost

Nike announced that it has increased its quarterly dividend from 24 cents to 28 cents, or $1.12 annually. Its next dividend will be paid on January 5th to shareholders of record on December 15. The stock will go ex-dividend on December 12. [For more information on NKE’s Dividend Click here]

Funds to Watch

Nike’s major owners include one dividend focused mutual fund and one dividend focused exchange-traded fund (ETF). Below are the details of those two funds.
Symbol Fund Stake Dividend Yield
VDIGX Vanguard Dividend Growth Fund 0.69% 2.39%
VIG Vanguard Dividend Appreciation ETF 0.58% 1.87%

The Bottom Line

A major dividend increase like the recent boost from Nike is good news for income focused investors. If Nike continues to raise its dividend, it may attract additional dividend focused funds.

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Nike Inc image

What Nike's Dividend Increase Means for Mutual Fund Investors (NKE)

Shauna O'Brien

|

On Thursday, Nike (NKE) reported that it boosted its dividend by 17% – the company has been raising its dividend every year since 2009.

Inside the Dividend Boost

Nike announced that it has increased its quarterly dividend from 24 cents to 28 cents, or $1.12 annually. Its next dividend will be paid on January 5th to shareholders of record on December 15. The stock will go ex-dividend on December 12. [For more information on NKE’s Dividend Click here]

Funds to Watch

Nike’s major owners include one dividend focused mutual fund and one dividend focused exchange-traded fund (ETF). Below are the details of those two funds.
Symbol Fund Stake Dividend Yield
VDIGX Vanguard Dividend Growth Fund 0.69% 2.39%
VIG Vanguard Dividend Appreciation ETF 0.58% 1.87%

The Bottom Line

A major dividend increase like the recent boost from Nike is good news for income focused investors. If Nike continues to raise its dividend, it may attract additional dividend focused funds.

Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.

Popular Articles

Read Next

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