The $12 billion buy-back, 14% dividend increase and share split were revealed on November 19 and sent the sportswear giant’s shares up almost 7 cents to $132.65.
The buy-back will be spread out over the next four years.
Nike said it was “built for growth while staying committed to creating shareholder value.
“We’ve proved it time and again, having returned over $23 billion to shareholders over the last 14 years through repurchases and dividends.”
US-based Nike is the biggest sportswear maker in the world, and recently announced a sharp rise in profits thanks largely to rising sales in China.
Profits for the three months to the end of August were $1.18 billion, up nearly a quarter from a year earlier.
At least five people, including a four-month-old baby, have been killed after dozens of tornadoes…
Harvey Weinstein has been hospitalized just days after his 2020 rape conviction in New York…
Hamas has published a video showing the first proof of life of US and Israeli…
Prosecutors and Donald Trump’s attorneys delivered opening statements and the first witness was called on…
The House of Representatives has finally approved $61 billion in new US military aid for…
The real estate market in the United States has always been a gauge for economic…