What is an Annuity for Retirement? 5 Dividend Stocks to Buy Instead

2. NIKE, Inc. (NYSE:NKE)

Number of Hedge Fund Holders: 69

NIKE, Inc. (NYSE:NKE) is a multinational footwear and apparel company that offers products for men, women, and children. The company holds a 22-year track record of consistent dividend growth and offers a quarterly dividend of $0.37 per share. The stock’s dividend yield on April 28 came in at 1.58%.

As of the end of the December quarter of 2023, 69 hedge funds tracked by Insider Monkey held stakes in NIKE, Inc. (NYSE:NKE), which remained the same as in the previous quarter. These stakes are collectively valued at over $3.5 billion.

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