Nike announced Thursday that it will increase its quarterly dividend by 14 percent.
The athletic shoe maker’s new dividend of 24 cents per share will be paid on Jan. 6 to shareholders of record as of Dec. 16. That’s up from its most recent dividend of 21 cents per share.
Nike was added to the Dow Jones industrial average on Sept. 23, and immediately ranked near the top of the 30 stocks. Its rise of more than 50 percent this year ranks second only to Boeing’s nearly 80 percent climb.
All of the Dow stocks pay a dividend. Even with the new dividend payment, Nike’s yield will be one of the lowest in the Dow at 1.2 percent. That’s a full percentage point below the average yield of the Dow 30.