25 Best Dividend Stocks to Buy According to Billionaires

21. NIKE, Inc. (NYSE:NKE)

Number of Billionaire Investors: 14

Dividend Yield as of March 3: 2.03%

NIKE, Inc. (NYSE:NKE) is an Oregon-based apparel and footwear company. It encountered difficulties in the second quarter, especially in China, where revenue fell 8% year-over-year. However, the decline was less pronounced than analysts had anticipated, as forecasts had predicted a 10% drop. At the same time, gross margins saw a slight decline, slipping to 43.6% from 44.6% in the same quarter last year. Despite these setbacks, the company reduced operating expenses by 5%, potentially creating room for reinvestment in marketing initiatives.

NIKE, Inc. (NYSE:NKE) pays a quarterly dividend of $0.40 per share and has a dividend yield of 2.03%, as of March 3. The company remains committed to delivering strong shareholder returns, supported by its solid financial standing. In its latest quarter, it reported $7.9 billion in cash and cash equivalents, reflecting a 1% increase from the prior year. It also distributed $1.6 billion to shareholders through dividends and share buybacks. With 23 consecutive years of dividend increases, Nike stands out as one of the best dividend stocks according to billionaires.

At the end of Q4 2024, 14 billionaires, with a collective value of over $3 billion, held stakes in NIKE, Inc. (NYSE:NKE). Ken Fisher and Ken Griffin were some of the most prominent billionaires holding positions in the company.