In addition to its quarterly dividend announcement, Nike (NKE) announces a two-for-one split of...

|About: Nike Inc. (NKE)|By:, SA News Editor

In addition to its quarterly dividend announcement, Nike (NKE) announces a two-for-one split of both its Class A and Class B Common shares. The split will be in the form of a 100% stock dividend payable on December 24, to shareholders of record at the close of business December 10. Upon completion, the outstanding shares of Nike Class A and Class B common stock will increase to approximately 178M and 720M, respectively. The company expects its common stock to begin trading at the split-adjusted price on December 26. Shares +1.3% AH.