NIKE, Inc. (NYSE:NKE) raised its quarterly dividend from $0.40 to $0.41 in November 2025, a roughly 3% increase. That marked the company's 24th consecutive year of dividend growth. As of August 12, 2026, Nike's latest dividend declaration, made on May 4, 2026, remained at $0.41 per share.
NIKE, Inc. (NYSE:NKE)'s dividend history is probably the strongest reason to expect another increase. The company has raised its dividend every year since 2002. If it does so again in 2026, Nike will reach 25 consecutive years of dividend growth, putting it into Dividend Aristocrat territory.
That milestone could matter to management, especially given Nike's long-standing reputation for returning money to shareholders. Earlier this year, Jefferies analyst Randal Konik also pointed to the possibility of Nike reaching the 25-year mark in 2026. NIKE, Inc. (NYSE:NKE) has some financial flexibility to support another increase.
The company ended fiscal 2026 with about $9 billion in cash and short-term investments and generated $46.4 billion in revenue during the year. Earnings declined, but Nike still paid roughly $2.4 billion in dividends. There are also some signs that the business may be starting to stabilize.
Wholesale revenue increased 6% in fiscal 2026, while gross margin improved by 20 basis points for the year. CEO Elliott Hill is also working to improve profitability and get the business back on track. If the turnaround starts gaining momentum in the first half of fiscal 2027, Nike could have enough confidence to raise the dividend again.
It would not need to be a big increase. A 1%-3% hike would take the quarterly dividend to roughly $0.414-$0.422 per share. That would keep the streak alive without putting significant pressure on Nike's cash flow.
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