Is It Worth Buying Nike Stock for Its Dividend?
Nike stock is 75% off its high.
Overview
Nike (NYSE: NKE) stock has really been suffering. The active-wear giant, which is the largest company of its kind by far, has seen its stock plummet 75% from its all-time high. Worse, it's still in the midst of figuring out how to turn around, so a stock rebound may still be far out on the horizon.
In general, it's a good idea to wait for progress before buying a turnaround stock. But Nike has something else going for it: an excellent dividend. Is that enough of a reason to buy it right now?
Nike x Melitta Baumeister Vomero Premium Pile. Image source: Nike.
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.