5 Best Long-Term Dividend Stocks To Buy Now

3. NIKE, Inc. (NYSE:NKE)

Number of Hedge Fund Holders: 81
Consecutive Years of Dividend Growth: 21
5-Year Average Payout Ratio: 41.99%

NIKE, Inc. (NYSE:NKE) is an American footwear company that also manufactures apparel and a wide range of accessories. The company has been growing its dividends for 21 years running. It is one of the best long-term stocks on our list with a 5-year average payout ratio of 41.99%. It currently pays a quarterly dividend of $0.34 per share and has a dividend yield of 1.20%, as of June 27.

NIKE, Inc. (NYSE:NKE) paid $528 million to shareholders in dividends during the first quarter of 2023.

As of the close of Q1 2023, 81 hedge funds in Insider Monkey’s database held stakes in NIKE, Inc. (NYSE:NKE), up significantly from 71 in the previous quarter. These stakes have a total value of $2.35 billion.

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