Want $1,000 in Dividend Income? Here's How Much You Have to Invest in Nike Stock.
If you're eyeing $1,000 in annual dividend income from (NYSE: NKE) stock, you're likely curious about how much you need to invest. First of all, congratulations on setting a specific investment goal! Now let's see how reachable it might be.
Based on the athletic shoe and apparel giant's most recent dividend announcements, I can calculate a forward-looking dividend yield to help answer that question.
Nike's quarterly dividend is currently $0.37 per share. That's up from $0.34 per share a year ago, part of Nike's consistent payout increases over the years:
Source Fool.com
Nike Inc. B Stock
€68.77
2.870%
The stock is one of the favorites of our community with 63 Buy predictions and 2 Sell predictions.
With a target price of 110 € there is a hugely positive potential of 59.95% for Nike Inc. B compared to the current price of 68.77 €.
