
NIKE, Inc.
NKE24 yrs growthConsumer Cyclical · Footwear & Accessories · Stock · quarterly payer
Forward Yield
4.33%
Annual Dividend
$1.64
Payout Ratio
79%
5-Yr Growth
9.8%
Ex-Date
Sep 1, 2026
Frequency
Quarterly
Key facts about NKE's dividend
Data as of · Source: SmarterDividends data
- As of Oct 27, 2026, NIKE, Inc. (NKE) has a forward dividend yield of 4.33%, based on an annual dividend of $1.64 per share and a share price of $37.91.
- As of Oct 27, 2026, NKE's dividend safety grade from SmarterDividends is B (79 out of 100), which rates the dividend as safe.
- By SmarterDividends' count, NIKE, Inc. (NKE) has raised its dividend for 24 consecutive years as of Oct 27, 2026.
- NKE last cut its regular dividend in 1991.
- NKE's most recent ex-dividend date was Sep 1, 2026, for a dividend of $0.41 per share.
- As of Oct 27, 2026, NKE pays out 79% of its trailing 12-month earnings as dividends (its payout ratio).
- NKE's dividend has grown at an average rate of 9.8% a year over the past five years.
- As of Oct 27, 2026, NKE's 4.33% yield is 202% above its five-year average yield of 1.43%.
- As of Oct 27, 2026, SmarterDividends' blended fair-value estimate for NKE is $58.63 per share, 55% above the $37.91 share price, so NKE screens as undervalued.
- NIKE, Inc. (NKE) pays its dividend quarterly, 4 times a year.
- NIKE, Inc. (NKE) has raised its regular dividend 35 times and cut it 1 time across the 157 payments on record since 1987. Its most recent change was a 2.5% increase to $0.410 per share, going ex-dividend on Dec 1, 2025. The last cut went ex-dividend on Mar 11, 1991.
- Nike (NKE) has declared its first higher dividend of the year in November in 5 of the last 5 years; its most recent raise, 2.5%, was declared on Nov 20, 2025.
Cite this page
SmarterDividends, "NKE Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 27, 2026, https://smarterdividends.com/stocks/NKE
Summary
As of Oct 27, 2026, NIKE, Inc. (NKE) yields 4.33% ($1.64 a year per share), has a dividend safety grade of B (79/100) and has 24 consecutive years of dividend increases on record.
Is NKE a good dividend stock?
YesNIKE, Inc. (NKE) pays a quarterly dividend yielding 4.33% ($1.64/yr), with 24 years of growth and a dividend-safety grade of B. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- 24 consecutive years of dividend growth
- Strong 9.8% 5-yr dividend growth
Risks
- Cut its dividend in 1991
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 4.33%
- Payout Ratio
- 79%
- Annual Dividend
- $1.64
- 5-Yr Avg Growth
- 9.8%
- Ex-Dividend Date
- Sep 1, 2026
- Years of Growth
- 24
- Frequency
- quarterly
- Beta
- 1.10
- Market Cap
- $56.3B
- P/E Ratio
- 18.2
- 5-Yr Total Return
- -78%
- 52-Week Range
- $31.97 – $70.44
- Dividend Safety
- B · 79/100
- Ever Cut?
- Yes (1991)
NKE dividend raises and cuts
NIKE, Inc. (NKE) has raised its regular dividend 35 times and cut it 1 time across the 157 payments on record since 1987. Its most recent change was a 2.5% increase to $0.410 per share, going ex-dividend on Dec 1, 2025. The last cut went ex-dividend on Mar 11, 1991.
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Dec 1, 2025 | Raise | $0.400 → $0.410 | +2.5% |
| Dec 2, 2024 | Raise | $0.370 → $0.400 | +8.1% |
| Dec 1, 2023 | Raise | $0.340 → $0.370 | +8.8% |
| Dec 2, 2022 | Raise | $0.305 → $0.340 | +11.5% |
| Dec 3, 2021 | Raise | $0.275 → $0.305 | +10.9% |
| Dec 4, 2020 | Raise | $0.245 → $0.275 | +12.2% |
| Nov 29, 2019 | Raise | $0.220 → $0.245 | +11.4% |
| Nov 30, 2018 | Raise | $0.200 → $0.220 | +10.0% |
| Dec 1, 2017 | Raise | $0.180 → $0.200 | +11.1% |
| Dec 1, 2016 | Raise | $0.160 → $0.180 | +12.5% |
| Dec 7, 2015 | Raise | $0.140 → $0.160 | +14.3% |
| Dec 11, 2014 | Raise | $0.120 → $0.140 | +16.7% |
Show all 36 changes since 1987
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Dec 12, 2013 | Raise | $0.105 → $0.120 | +14.3% |
| Dec 6, 2012 | Raise | $0.0900 → $0.105 | +16.7% |
| Dec 1, 2011 | Raise | $0.0775 → $0.0900 | +16.1% |
| Dec 2, 2010 | Raise | $0.0675 → $0.0775 | +14.8% |
| Dec 3, 2009 | Raise | $0.0625 → $0.0675 | +8.0% |
| Dec 4, 2008 | Raise | $0.0575 → $0.0625 | +8.7% |
| Dec 6, 2007 | Raise | $0.0463 → $0.0575 | +24.3% |
| Jun 7, 2007 | Raise | $0.0231 → $0.0463 | +100.0% |
| Dec 7, 2006 | Raise | $0.0194 → $0.0231 | +19.4% |
| Dec 8, 2005 | Raise | $0.0156 → $0.0194 | +24.0% |
| Dec 9, 2004 | Raise | $0.0125 → $0.0156 | +25.0% |
| Dec 11, 2003 | Raise | $0.0088 → $0.0125 | +42.9% |
| Dec 12, 2002 | Raise | $0.0075 → $0.0088 | +16.7% |
| Dec 18, 1997 | Raise | $0.0063 → $0.0075 | +20.0% |
| Dec 13, 1996 | Raise | $0.0024 → $0.0063 | +163.2% |
| Dec 6, 1995 | Raise | $0.0010 → $0.0024 | +145.1% |
| Dec 5, 1994 | Raise | $0.0008 → $0.0010 | +24.1% |
| Dec 7, 1992 | Raise | $0.0006 → $0.0008 | +31.5% |
| Dec 9, 1991 | Raise | $0.0006 → $0.0006 | +5.5% |
| Mar 11, 1991 | Cut | $0.0044 → $0.0006 | −87.1% |
| Dec 10, 1990 | Raise | $0.0031 → $0.0044 | +40.0% |
| Dec 11, 1989 | Raise | $0.0023 → $0.0031 | +33.3% |
| Dec 12, 1988 | Raise | $0.0016 → $0.0023 | +50.0% |
| Dec 7, 1987 | Raise | $0.0006 → $0.0016 | +150.1% |
Frequently Asked Questions
Is NKE a good dividend stock?
Yes. NIKE, Inc. (NKE) pays a quarterly dividend yielding 4.33% ($1.64/yr), with 24 years of growth and a dividend-safety grade of B. It scores well across payout coverage, growth history and safety — a dependable income holding.
Is NKE undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, NKE's fair value is about $58.63 versus a $37.91 share price — so it looks undervalued (+55% vs. fair value).
Is NKE's dividend safe?
NKE has a dividend-safety grade of B (79/100), based on its payout coverage, free-cash-flow, 24-year growth streak, a dividend cut in 1991, debt and yield-versus-history.
What is NKE's fair value?
Our blended fair-value estimate for NKE is about $58.63 per share, roughly 55% above the current $37.91 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is NKE a buy, hold, or sell?
We don't issue formal ratings, but on the data NKE screens as "yes" and undervalued. NIKE, Inc. (NKE) pays a quarterly dividend yielding 4.33% ($1.64/yr), with 24 years of growth and a dividend-safety grade of B. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.
Will NKE cut its dividend?
NKE earns a dividend-safety grade of B (79/100), and has cut its dividend before (last in 1991). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does NKE pay a dividend?
Yes. NIKE, Inc. pays a quarterly dividend of about $1.64 per share annually, a forward yield of roughly 4.33%.
What is NKE's dividend yield?
As of Oct 27, 2026, NKE's forward dividend yield is 4.33%, based on a $1.64 annual dividend and a $37.91 share price.
What is NKE's dividend per share?
As of Oct 27, 2026, NKE pays $1.64 per share per year, distributed on a quarterly basis.
What is NKE's dividend payout ratio?
As of Oct 27, 2026, NKE's payout ratio is 79% of trailing 12-month earnings — a moderate level that's generally sustainable.
How many years has NKE grown its dividend?
As of Oct 27, 2026, NKE has increased its dividend for 24 consecutive years.
When is the next NKE ex-dividend date?
As of Oct 27, 2026, NKE's next ex-dividend date hasn't been announced. The most recent was Sep 1, 2026, for $0.41 per share.
NKE Price — Last 12 Months
Daily close
Price Return
1 Year
-42%
3 Years
-66%
5 Years
-78%
52-Week Range
$31.97 – $70.44
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is NKE worth?
Undervaluedmedium confidenceOur blended fair-value estimate for NIKE, Inc. is $58.63 per share, versus a market price of $37.91. That implies 55% of upside — a margin of safety of about 35%.
Fair Value
$58.63
Current Price
$37.91
Upside
+55%
Margin of Safety
35%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -0.6% annual free-cash-flow growth. We model 12.0% — below our estimate, leaving room for upside if the business executes.
Assumptions: 9.8% discount rate (CAPM), 12.0% growth for five years fading to 2.5% over the next five, $2.08 EPS, $1.64 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
NKE Dividend Safety Score
Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full NKE dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 1, 2026 | Oct 1, 2026 | $0.4100 | regular |
| Jun 1, 2026 | Jul 1, 2026 | $0.4100 | regular |
| Mar 2, 2026 | Apr 1, 2026 | $0.4100 | regular |
| Dec 1, 2025 | Jan 2, 2026 | $0.4100 | regular |
| Sep 2, 2025 | Oct 1, 2025 | $0.4000 | regular |
| Jun 2, 2025 | Jul 1, 2025 | $0.4000 | regular |
| Mar 3, 2025 | Apr 1, 2025 | $0.4000 | regular |
| Dec 2, 2024 | Jan 2, 2025 | $0.4000 | regular |
| Sep 3, 2024 | Oct 1, 2024 | $0.3700 | regular |
| Jun 3, 2024 | Jul 1, 2024 | $0.3700 | regular |
| Mar 1, 2024 | Apr 1, 2024 | $0.3700 | regular |
| Dec 1, 2023 | Jan 2, 2024 | $0.3700 | regular |
| Sep 1, 2023 | Oct 2, 2023 | $0.3400 | regular |
| Jun 2, 2023 | Jul 5, 2023 | $0.3400 | regular |
Income Calculator
At $1.64 / yr per share
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