NIKE, Inc. Raises Dividend by 2.5% to $0.41

NIKE, Inc. raises dividend by 2.5% to $0.41

Nike stock price rises 3% as Converse shake-up and dividend sharpen focus on NKE

Nike shares closed up 3.2% at $63.07 Friday, then slipped 2 cents after hours. Reuters reported Converse, owned by Nike, is cutting corporate roles and shifting others as part of a restructuring. Nike’s board declared a $0.41 quarterly dividend, payable April 1. Chief legal officer Robert Leinwand sold 9,065 shares on Feb. 12 under a 10b5-1 plan, according to an SEC filing. The post Nike stock price rises 3% as Converse shake-up and dividend sha…