1 Spectacular Dividend Stock Down 49% You'll Regret Not Buying on the Dip

By Parkev Tatevosian, CFA – May 26, 2024 at 3:13AM

NYSE: NKE

Nike

Market Cap

$141B

Today's Change

(-0.84%) -$0.79

Current Price

$93.39

Price as of June 14, 2024, 4:00 p.m. ET

Passive income investors rarely get to buy this dividend stock at these valuations.

Fool.com contributor Parkev Tatevosian makes his case for why this dividend stock deserves a spot in your portfolio.

*Stock prices used were the afternoon prices of May 23, 2024. The video was published on May 25, 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.