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Nike: quarterly dividend raised by 11%

( - Nike, the world's biggest athletic shoe and clothing maker, raised its quarterly cash dividend by 11%, as announced late on Thursday.

The Beaverton, Oregon-based company will now pay a quarterly dividend of 24.5 cents a share, higher than the 22 cents per share that was previously paid.

This marks the 18th consecutive year of increasing dividend payouts, Nike said.

The raise adds up to the four-year 15 billion dollars share repurchase program that was announced last year.

Nike also announced that Thasunda Brown Duckett, the CEO of Chase Consumer Banking, had been appointed to the company's board of directors.

Aged 46, Duckett oversees more than 800 billion dollars in deposits and investments and 50,000 employees at the JPMorgan Chase division.

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