(RTTNews) - Nike, Inc. (NKE: News ) announced that it has increased its quarterly cash dividend to $0.27 per share on its outstanding Class A and Class B Common Stock, represents an eight percent increase over the previous quarterly rate of $0.25 per share. The dividend is payable on January 4, 2010 to shareholders of record at the close of business on December 7, 2009.

In a separate press release, the company said that it has appointed Phyllis Wise to the company's Board of Directors. Wise is the executive vice president and provost of the University of Washington, where she is also professor of physiology and biophysics, biology, and obstetrics and gynecology.

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by RTT Staff Writer

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