Here's How Many Shares of Nike You'd Need for $10,000 in Yearly Dividends
The dominant sportwear maker continues to struggle as it aims to turn the business around.
Overview
For its fiscal 2027 first quarter (ended Aug. 31), Nike (NYSE: NKE) reported revenue of $11.2 billion. This figure was down 4% year over year and came in below analyst estimates. The consumer discretionary stock felt the pain, adding to its slide, which now puts it 81% off its record set in November 2021 (as of Oct. 5).
But this company might present a very interesting opportunity for income investors. Here's how many Nike shares you'd need to bring in $10,000 in yearly dividends.
Image source: The Motley Fool.
Details
Source
Originally published at www.fool.com.
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