Nike Inc (NKE): A Quality Dividend Growth Stock Down Over 20%

Conclusion

Nike Inc (NYSE:NKE) has proven itself to be one of the best long-term wealth builders in the US stock market, a true dividend growth blue chip. With seemingly plenty of growth runway still ahead of it, a strong brand, and a solid plan from management to further boost sales, margins, and the dividend in the coming years, Nike looks like an interesting candidate for long-term dividend growth investors to consider.

Nike’s keys to success will be continued innovation and marketing investments to hold its profitable market share as demand for athletic apparel and footwear rises around the world. I have a hard time pulling the trigger on consumer stocks, especially those related to fashion because trends can be so unpredictable, but Nike’s investment case for our Top 20 Dividend Stocks portfolio is beginning to look more compelling.

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