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
€69.59
-0.670%
Currently there is a rather positive sentiment for Nike Inc. B with 71 Buy predictions and 7 Sell predictions.
As a result the target price of 108 € shows a very positive potential of 55.19% compared to the current price of 69.59 € for Nike Inc. B.
