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Passive income investors can potentially increase their wealth in the long run by investing in this dividend stock.
Fool.com contributor Parkev Tatevosian has identified one beaten-down dividend stock that could make an excellent purchase for passive income investors. (NKE -0.38%)
*Stock prices used were the afternoon prices of Jan. 20, 2024. The video was published on Jan. 22, 2024.
Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nike. The Motley Fool recommends the following options: long January 2025 $47.50 calls on Nike. The Motley Fool has a disclosure policy.
Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
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