5 Companies Likely to be Dividend Aristocrats in the Future

3. NIKE, Inc. (NYSE:NKE)

Consecutive Years of Dividend Growth: 21

NIKE, Inc. (NYSE:NKE) is an American manufacturing company that produces footwear, apparel, and other related accessories. In fiscal Q3 2023, the company posted revenue of $12.4 billion, which showed a 14% year-over-year growth. During the quarter, the company paid $528 million to shareholders in dividends.

NIKE, Inc. (NYSE:NKE), one of the future’s dividend aristocrat stocks, currently pays a quarterly dividend of $0.34 per share. The company has raised its payouts for 21 years in a row. The stock has a dividend yield of 1.24%, as recorded on June 21.

NIKE, Inc. (NYSE:NKE) was a popular stock among hedge funds in Q1 2023, as 81 funds in Insider Monkey’s database owned stakes in the stock, up from 71 in the previous quarter. These stakes have a total value of over $2.35 billion.

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