Nike Steps up its Dividend

November 20, 2015


Joseph Sroka, CFA, CMT
Chief Investment Officer, NovaPoint Capital LLC

Nike (ticker: NKE) announced an increase in the dividend on the company’s common stock to $0.32 per quarter from $0.28, a 14.3% increase.  This is the 14th consecutive year the company has raised its dividend.  The company also announced an increase in its share repurchase authorization and a two-for-one stock split.

Nike is one of the stock holdings in NovaPoint Capital’s Dividend Growth Strategy.  Our Strategy seeks to own high-quality, dividend-paying stocks with a track record of annual dividend increases.  Our research shows that a portfolio of companies with track records of raising their dividends has, on average, produced total returns higher than both the market and their non-dividend paying peers.  The average track record of dividend increases for companies in our current portfolio is thirty-one years.

NovaPoint Capital LLC (@novapointcap) is a state Registered Investment Advisor based in Atlanta, Georgia.  We manage investment portfolios for institutions and individuals.  We also provide sub-advisory services for other investment advisors.  More information can be found on our website at:

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