Nike Poised to Join Dividend Aristocrats, Signaling Investor Appeal
Nike Inc. stands on the brink of entering an elite cadre of S&P 500 companies known as Dividend Aristocrats, requiring 25 consecutive years of dividend hikes. The sportswear giant's anticipated 2024 increase WOULD cement its status as a reliable income stock, mirroring recent additions like Erie Indemnity and FactSet Research.
The designation carries tangible benefits: inclusion triggers mandatory buying from specialized ETFs, while burnishing Nike's reputation for capital stewardship. Though Dividend Aristocrats have trailed the broader market—posting just 7% returns in 2023—their long-term stability remains prized in volatile markets.