Nike dividend yield reaches 2-year Treasury level following stock plunge
NKE Nike Inc
$34.61 +1.91%
View chart & analysis → - 1Nike's dividend yield hit 4.87% on Monday, a level similar to the 2-year Treasury yield of 4.85%.
- 2Nike brand sales decreased by 4%, while online sales plummeted by 13%.
- 3Nike's stock price has fallen 47% year-to-date.
So what's the key point?
Nike's stock price dropped significantly as brand and online sales declined. The dividend yield reached 4.87%, which is similar to the 2-year Treasury yield.
Source Yahoo Finance · View original ↗
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