@Kokorache 1 month ago
Nike stock down 19% YTD but raises dividend for 24th consecutive year
Nike stock down 19% YTD but raises dividend for 24th consecutive year
Nike is having a rough year with the stock down 19% year to date while the S&P 500 is up 17%. Revenue dropped 12% in the last reported quarter due to inventory issues and uninspired products. Management says they are in the middle of a comeback plan called "Win Now" to improve partner relationships and innovation.
Despite the recent struggle, they just raised their dividend for the 24th year in a row, putting them close to Dividend Aristocrat status. For long-term context, a $100 investment at the 1980 IPO would be worth about $34,000 today.

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| Nike Went Public 45 Years Ago. If You'd Put $100 Into Its IPO, Here's How Much You'd Have Today. | The Motley Fool

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