Nike stock symbol is NKE. Nike stock has had a decent start to 2010 given the general macroeconomic environment.
The company began paying its $0.27 dividend, up nearly 10% from its prior dividend of a quarter. Going in to the
4th of July holiday, the stock was up nearly 3 percent on the year. This is significantly outperforming the market
which is down over 7 percent for the year. Nike still remains a stable stock with its beta well below 1 at 0.87.
Nike stock is a world leading consumer clothing line, focusing on sports recreation.
Nike trades on the New York Stock Exchange (NYSE) and the stock symbol is NKE. The company is
headquartered in Beaverton, Oregon and in the past 20+ years has given investors over 4476%
to shareholders in addition to regular dividend payouts and stock splits.
Nike offers some of the most stylish and classic looks for athlets in all sports. Investors in the
stocks also own a piece of one of the strongest brands in the consumer discretionary industry. It faces
competition from a variety of companies, but most recently the most aggressive competition has come from
Under Armour (NYSE: UA).
Nike stock is an important investment consideration in the consumer discretionary sector. Nike Inc is
well known for its player endorsements, like Michael Jordan and Tiger Woods. The Air Jordan is one of the
highest grossing pair of sneakers of all time. Nike Inc also offers products in running, training,
basketball, soccer, sport-inspired urban shoes and children's shoes. As well as shoes designed for tennis,
golf, baseball, football, lacrosse, walking, outdoor activities, skateboarding, bicycling, volleyball,
wrestling, cheerleading, aquatic activities, and other athletic and recreational endeavors.
The company has managed to use its brand power, despite the heavy marketing costs associated with it, to earn
margins of 9-12% on average.
Nike stock is a popular a choice for investors because of its ability to continue to grow and strengthen its brand
in the United States and the world, in spite of fierce global and local competition. Investors in Nike stock own part
of just less than 500 million shares trading on the NYSE. Institutions own a good portion of outstanding shares, holding
about 70-75% of outstanding shares in 2008. Nike stock offers a great dividend to provide income and growth to investors
of all times.