Soaring consumer confidence is likely to help stocks like AMC Entertainment Holdings, Inc. (AMC), NIKE, Inc. (NKE), Royal Caribbean Cruises Ltd. (RCL), Comcast Corporation (CMCSA) and Live Nation Entertainment, Inc. (LYV).
Nike Inc (NYSE:NKE) recently announced a dividend of $0.37 per share, payable on 2024-01-02, with the ex-dividend date set for 2023-12-01. As investors look forward to this upcoming payment, the spotlight also shines on the company's dividend history, yield, and growth rates. Using the data from GuruFocus, let's look into Nike Inc's dividend performance and assess its sustainability.
Upstart footwear brands such as On Holding and Hoka are grabbing more shelf space at retailers globally, competing with giants like Nike and Adidas as their catchy styles and focus on premium running shoes make them a hit with sneakerheads. Roger Federer-backed On Holding and Decker Outdoors' Hoka are striking while the iron is hot and behemoths Nike and Adidas, which are slowly losing share in the running category, have warned of a hit to sales as wholesalers like Dick's Sporting Goods and Foot Locker cut back on orders. "Nike and Adidas have perhaps fallen behind on innovation compared to some others, who have seemingly found market niches to exploit and have put out products that seem to be really catching on with consumers," Morningstar Research analyst David Swartz said.