![]() Nike`s stock has split two for one six times. The growth rate of 312% within a decade tells the outstanding performance of NIKE’s stock in the 21st century. Ten years later, on January 5th, 2015, Nike stock price reached $46.75. Since 2004, the company began increasing the dividend on an annual basis. If Nike stock was still traded at a price of $5.76 on January 2nd, 2003, it had nearly doubled its value by January 3rd, 2005, when its closing price was $11.34. Nevertheless, patience started to pay off for investors in the 2000s, when the success story of Nike stock price regained momentum. ![]() Nike hit a stock price of $5.11 on February 13th, 1998, which represented a decrease of 46% in only one year. During the next 12 months, Nike stock price went through a tough period. It was on February 13th, 1997, when Nike stock price reached its then peak of $9.47. In just one year’s time, the stock’s value had increased by 87%. By the end of 1994, the stock hit $2.33 and by December 1995, the stock had gone as high as $4.35. The stock continued to perform well into the 1990s. Nike stock price had increased by 511% in a decade. On December 3rd, 1990, Nike stock price closed at $1.10. Nike began paying a quarterly cash dividend in 1984. Nike stock price first reached the $1 mark on September 21st, 1989. On IPO day Nike stock price closed at $0.18 on the first day of trade. From 1972 to 1981, NIKE Inc.’s net income grew at a pace of almost 100% per year. For comparison, back in 1972 Nike’s annual revenue was $2 million. In 1981, its revenues reached almost $458 million. Leading up to the IPO Nike was growing fast.
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