Nike (NKE) announced the company's January 2009 dividend is increasing 8.7%. The new quarterly dividend of 25 cents per share is 2 cents higher than the 23 cents per share paid in the same period last year. The projected dividend payout ratio will equal 25% based on May 2009 year end earnings of $3.99. The 5-year historical average payout ratio equals 19%. Nike carries an A+ S&P Earnings and Dividend Quality Ranking.
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