Is Nike a Great Dividend Stock?

Most investors buy shares of great companies looking for growth in the share price. Some are looking more for a consistent source of passive income in the form of dividends. And then there are those who want the best of both worlds: steady growth as well as a rising dividend.

This is where companies like Nike (NYSE: NKE) come in. The sports footwear and apparel giant commands strong loyalty from sports enthusiasts and athletes and has a long track record of innovation for its wide range of products. Many investors may know Nike as a strong compounder over the years, but they may not be aware of its growing dividend payments.

Source Fool.com