×
23
Fashion Jobs
L'OREAL GROUP
Business Development Manager - l'Oreal International Distribution (Lid)
Permanent · Singapore
L'OREAL GROUP
Asst. Manager: Ecommerce Ops & Projects. Asean Oms Systems
Permanent · Singapore
L'OREAL GROUP
(Senior) Digital Project Manager-Apac IT
Permanent · Singapore
L'OREAL GROUP
Head of Digital And E-Commerce
Permanent · Singapore
L'OREAL GROUP
Key Account Manager, Hyper/ Supermart
Permanent · Singapore
L'OREAL GROUP
2021 Marketing (Trade/Retail/Operational) Apprentice
Permanent · Singapore
ESTÉE LAUDER COMPANIES
Regulatory Affairs Manager, Travel Retail Apac
Permanent · Singapore
L'OREAL GROUP
2021 Project Management Apprentice
Permanent · Singapore
L'OREAL GROUP
2021 E-Merchandising Apprentice
Permanent · Singapore
L'OREAL GROUP
Travel Retail Apac 2021 Management Trainee Program - Singapore
Internship · Singapore
L'OREAL GROUP
Research & Innovation Intern
Internship · Singapore
L'OREAL GROUP
2021 E-Commerce Revenue Growth Management Apprentice
Permanent · Singapore
L'OREAL GROUP
2021 Merchandising Apprentice
Permanent · Singapore
LULULEMON
Key Leader | Singapore Takashimaya Ngee Ann City
Permanent · Singapore
LULULEMON
Educator | Singapore Duxton Road
Permanent · Singapore
LULULEMON
Key Leader | Singapore Duxton Road
Permanent · Singapore
LULULEMON
Key Leader | Singapore Changi Airport
Permanent · Singapore
LULULEMON
Educator | Singapore Takashimaya Ngee Ann City
Permanent · Singapore
LULULEMON
Educator | Singapore Changi Airport
Permanent · Singapore
LULULEMON
Assistant Manager | Singapore Duxton Road
Permanent · Singapore
LULULEMON
Assistant Manager | Singapore Changi Airport
Permanent · Singapore
LULULEMON
Educator | Singapore Marina Bay Sands
Permanent · Singapore
By
Reuters API
Published
Nov 20, 2020
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Nike hikes dividend by 12% ahead of expected sales bounce

By
Reuters API
Published
Nov 20, 2020

Nike Inc said on Friday it would raise its quarterly dividend by 12%, or 3 cents per share, underscoring the financial strength of the world's largest sportswear maker in the midst of the Covid-19 pandemic.


Instagram: @nikerunning



Nike in September said it expects sales in the second half of its fiscal year ending May 2021 to be "up significantly", as it bounces back from a slump earlier this year when retailers canceled orders and lockdowns kept people away from stores in key markets.

The company's share price, up about 30% this year, has more than doubled since its March low as it slashed costs by cutting corporate jobs and targeted online investments.

A cash dividend of $0.275 per share on Nike's outstanding class A and class B stock is payable on Dec. 29.

2020 marks Nike's 19th consecutive year of increasing dividend payouts, after raising quarterly payments by 11% in 2019, and comes as many other companies either cut or pause shareholder returns due to the virus outbreak.
 

© Thomson Reuters 2020 All rights reserved.