Nike (NYSE:NKE) has declared its first dividend of 2013. The company is to pay $0.21 per share of its class A and class B stock on April 1 to shareholders of record as of March 4.

This matches the previous quarterly payout, which followed a two-for-one stock split made at the end of last year. Prior to that payout, the company had disbursed $0.36 per share in each of the preceding four quarters. Nike typically hoists its dividend once per year.

The present dividend annualizes to $0.84, which yields 1.5% at the current stock price of $54.62.


Fool contributor Eric Volkman has no position in Nike. The Motley Fool recommends Nike. The Motley Fool owns shares of Nike. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.