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1 of 3 Premium Clicks used this month SUBSCRIBE Print + Online Subscriber Activation | Register x Forgot Password | Need an Account? e-edition | subscribe | newsletter | deals Classifieds Jobs Autos Real Estate FEATURED » NEWS NOW Leaders praise retiring Talent police Chief Mike Moran ... Capturing autumn beauty: Winners of our 2015 Fall Colors Photo Contest ... 20,000-tree solution: How historic Ashland ranch project is keeping irrigation districts afloat ... Leaders praise retiring Talent police Chief Mike Moran ... Capturing autumn beauty: Winners of our 2015 Fall Colors Photo Contest ... 20,000-tree solution: How historic Ashland ranch project is keeping irrigation districts afloat ... BUSINESS Nike shares jump on plans for dividend boost, stock split Comment By The Associated Press MailTribune.com By The Associated Press Posted Nov. 20, 2015 at 5:42 PM By The Associated Press Posted Nov. 20, 2015 at 5:42 PM » Social News Nike Inc.'s shares jumped Friday, a day after announcing that its board approved a 14 percent dividend increase, a 2-for-1 stock split and authorized a stock buyback of up to $12 billion over four years. Shares of the athletic footwear and apparel company rose almost 5 percent in morning trading. The dividend increase to 32 cents from 28 cents is payable Jan. 4 to shareholders of record as of Dec. 9. This marks the fourteenth year in a row that the company has increased its dividend. The 2-for-1 stock split will be in the form of a dividend payable Dec. 23 to shareholders of record as of Dec. 9. "Moving forward, we see even greater potential for Nike as we continue to unlock new markets, new experiences and new product," CEO and President Mark Parker said in a statement late Thursday. The Beaverton-based company said the new four-year buyback plan will begin once the previous $8 billion buyback plan is completed around the end of fiscal 2016. Last week, the company said it wants to reach $50 billion in annual revenue within five years. The company reported $30.6 billion in revenue in fiscal 2015 and its revenue has grown 10 percent per year for the last two years. Nike shares rose $6.01, or 4.8 percent, to $131.79 in morning trading Friday. Its shares have risen 37 percent so far this year. By The Associated Press MailTribune.com By The Associated Press Posted Nov. 20, 2015 at 5:42 PM » Comment or view comments Reader Reaction » STAY INFORMED Email NewsLetter Sign Up Today Sign up for our newsletter and have the top headlines from your community delivered right to your inbox. Southern Oregon Directory Featured Businesses Loading... Business Name address Location, ST | website.com Find Southern Oregon Attractions Bars Restaurants Beauty Salons Entertainment Doctors Medical Specialists Contractors Education Lawn Services Lawyers Shopping Travel Tanning Used Cars Wedding Services ▼ Add your business here + Events Calendar Connect with MailTribune.com Facebook Twitter RSS Back to top Reader Services Reader Services Home Subscriptions Subscriber controls Contact us Submissions Photos Events Letters to the editor Corrections Announcements Obituaries Story ideas Since you asked Alerts Email Alerts RSS Feeds Text Alerts Advertise Media Kit Home Products and services Ad rates Advertising contacts Propel Marketing Mail Tribune Daily Tidings The Nickel Shop Our Valley Blogs Mobile Site Stay Informed Email newsletter Sign Up Today Sign up for our newsletter and have the top headlines from your community delivered right to your inbox. Your privacy is important, read our privacy policy. © Copyright 2015 Local Media Group, Inc. All Rights Reserved. Privacy Policy | Terms of Service | Local Media Group Publications Original content available for non-commercial use under a Creative Commons license, except where noted. MailTribune.com | P.O. Box 1108, Medford, OR 97501