On 15 November, Nike (NKE) increased its quarterly dividend by 8.11%, from 37¢ to 40¢ per
share.
The dividend will be paid on 2 January 2025 to shareholders of record on 2
December 2024. The ex-dividend date is 2 December 2024.
NKE's contribution to DivGro's projected annual dividend income will
increase by $39.60 to $528.
I own 330 shares of NKE at an average cost basis of $88.65 per share. Following this increase, my yield on cost
is 1.80%. (NKE's forward yield is 2.07% at $77.36 per share).
Since I opened my NKE position in August 2019, the stock has produced total returns of -12%, including $308.61 in dividend income.
That's a disappointing annualized rate of return of -2.2%.
NKE became DivGro's 36th Home Run stock in July 2021 when it doubled my original capital
outlay.
5-Year History of Dividend Payouts by Ex-Date
| 2019 | 2020 | 2021 | 2022 | 2023 | • | 2024 |
| $0.905 | $1.010 | $1.130 | $1.255 | $1.390 | ⬆ | $1.510✝ |
| 10.37% | 11.60% | 11.88% | 11.06% | 10.76% | ⬇ | 8.63% |
| 5-year DGR: | 11.13% | ⬇ | 10.78% | |||
✝projected, assuming no further changes
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