You Can Do Better Than Nike. Buy This High-Yield Dividend Stock Instead.
Nike has been a major disappointment this year.
Overview
If you're still waiting for Nike (NYSE: NKE) to make its long-awaited turnaround, you are likely very disappointed in the athletic wear company. Nike stock is down 33% so far this year and shows no signs of righting the ship.
I'm as patient as the next guy, but it's hard to see a holding lose value in a downtrodden stock like Nike has. Especially when there are great options on the table that have a long track record of performance. And when you add a 5% dividend yield, why look any further?
Details
Realty Income (NYSE: O) has long been my favorite high-yield dividend stock. Shares are up 11% so far this year, but thanks to Realty Income's famed monthly dividend (currently yielding just over 5%), your total return from the real estate investment trust is a solid 15% so far this year.
Source
Originally published at www.fool.com.