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New: Introducing “Why Is It Moving?” - lightning-fast, AI-driven explanations of stock moves
NIKE, Inc. (NYSE:NKE) is included among the 12 Reliable Dividend Stocks for Maximum Income.
NIKE, Inc. (NYSE:NKE), a global leader in footwear and apparel, has long been a defining force in both sports and popular culture. Known for its influence in fashion, athletic wear, and everyday street style, the company has maintained a strong presence for decades. However, in recent years, it has faced several hurdles that have slowed its momentum.
The brand became overly reliant on digital sales, straining relationships with key wholesale partners. At the same time, its lack of innovation, particularly in the running category, left room for competitors to gain ground. The fierce competition in the retail space has only intensified these challenges.
Recent financial results showed some signs of recovery, though NIKE, Inc. (NYSE:NKE) still has a way to go before reclaiming its past strength. Even so, the company remains committed to rewarding shareholders. In the first quarter, it distributed $591 million in dividends, marking a 6% increase from the previous year, and repurchased $123 million worth of shares, retiring 1.8 million shares in total.
These shareholder returns highlight NIKE, Inc. (NYSE:NKE)’s continued commitment to dividend growth despite the tough operating environment. The company has rewarded shareholders with growing dividends for the past 23 years and currently offers a quarterly dividend of $0.40 per share. The stock supports a dividend yield of 2.37%, as of October 13.
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While we acknowledge the potential of NKE as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 12 Best Dividend Stocks With Yields Above 4% and Top 15 Dividend Growth Stocks for Long-Term Investors.
Disclosure: None.
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