Nike shares hit 13-year low, dividend yield rises to 4.8%
NKE Nike Inc
$34.74 +1.11%
View chart & analysis → - 1Nike hit an intraday low of $31.97 on October 2, its lowest in 13 years.
- 2A forecast was released predicting a high single-digit decline in Nike's fiscal year 2027 revenue.
- 3Nike's dividend yield rose to 4.8% following 24 consecutive years of dividend increases.
So what's the key point?
Nike's stock price fell to $31.97, its lowest level in 13 years. As the share price dropped due to expectations of declining revenue, the dividend yield rose to 4.8%.
Source The Motley Fool +1 · View original ↗
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