Nike Inc. (NYSE: NKE) is scheduled to release its first-quarter earnings after the market closes on Thursday, Oct. 1. The company’s stock closed at $35.40 on Wednesday, a decline of 1.2%.
Analysts anticipate the company will report earnings of 44 cents per share for the quarter. This figure represents a decrease from the 49 cents per share reported during the same period last year. Regarding revenue, the consensus estimate is $11.33 billion. In comparison, the company reported $11.72 billion in revenue for the previous year.
Despite the current earnings outlook, Nike has a history of beating revenue estimates. The company has surpassed analyst revenue expectations for seven consecutive quarters and in eight of the past 10 quarters overall.
In terms of dividends, Nike currently offers an annual dividend yield of 4.63%. The company pays a quarterly dividend of 41 cents per share, which equates to an annual payment of $1.64.
The article provides calculations for investors seeking specific dividend income levels. To earn $500 per month, or $6,000 annually, from dividends alone, an investor would need to own approximately 3,659 shares. For a more modest $100 per month, or $1,200 annually, an investor would need around 732 shares.
The article notes that dividend yields are dynamic and subject to change based on fluctuations in the stock price and dividend payments.
