NKE - Want $1000 in Dividend Income? Here's How Much You Have to Invest in Nike Stock.
2024-06-17 14:33:00 ET
If you're eyeing $1,000 in annual dividend income from Nike (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:
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Want $1,000 in Dividend Income? Here's How Much You Have to Invest in Nike Stock.