5 Best Consumer Cyclical Dividend Stocks To Invest In

3. NIKE, Inc. (NYSE:NKE)

Number of Hedge Fund Holders: 69

NIKE, Inc. (NYSE:NKE) is next on our list of the best dividend stocks from the consumer cyclical sector. The multinational corporation mainly designs, develops, manufactures, markets, and sells athletic footwear, apparel, equipment, accessories, and services worldwide. The company offers a quarterly dividend of $0.37 per share, having raised it by 8.8% in November 2023. It holds a 22-year track record of consistent dividend growth. The stock’s dividend yield on February 21 came in at 1.43%.

Insider Monkey’s database of Q4 2023 indicated that 69 hedge funds owned stakes in NIKE, Inc. (NYSE:NKE), which remained unchanged from the previous quarter. These stakes have a collective value of more than $3.53 billion. With roughly 10 million shares, Fisher Asset Management was the company’s leading stakeholder in Q4.

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