nike inc nke on tuesday said its board approved quarterly cash dividend of 34 cents a move it said represented an 11 increase over the prior quarterly dividend the dividend is payable on dec 28 to shareholders of record on dec 5 chief executive john donahoe in a statement said the dividend increase on tuesday marked the athleticgear maker’s 21st straight year of increasing dividend payouts “this dividend increase illustrates the continued success of our consumer direct acceleration strategy as we invest in capabilities that are accelerating our digital transformation and fueling longterm profitable growth” executives during nike’s most recent round of earnings said they expected results to suffer this year from industrywide pricecutting efforts intended to clear inventories unwanted and offseason clothing has piled up in warehouses this year after inflation forced consumers to spend more on necessities like groceries