Business

Nike boosts dividend, to split stock 2-for-1

By Washington Examiner
Published November 15, 2012 10:13pm ET
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BEAVERTON, Ore. (AP) — Nike Inc. said Thursday that it is boosting its dividend payment and planning a two-for-one stock split.

The Beaverton, Ore.-based athletic shoe and clothing company said Thursday both classes of its stock will split on Dec. 24. It expects its common stock to begin trading at the split-adjusted price on Dec. 26.

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