5 Dividend Stocks That Billionaire George Soros Owns

In this article, we discuss 5 dividend stocks that billionaire George Soros owns. If you want to read our detailed analysis of Soros’ investment philosophy and his hedge fund’s performance, go directly to read 10 Dividend Stocks That Billionaire George Soros Owns. 

5. NIKE, Inc. (NYSE:NKE)

Soros Fund Management’s Stake Value: $7,455,877
Dividend Yield as of February 21: 1.11%

NIKE, Inc. (NYSE:NKE) is an American manufacturing company, based in Oregon. The company specializes in the production of footwear, apparel, and other accessories. In January, Wells Fargo raised its price target on the stock to $146 with an Overweight rating on the shares. The firm highlighted the company’s global sports apparel and footwear market share analysis.

On February 9, NIKE, Inc. (NYSE:NKE) declared a quarterly dividend of $0.34 per share, which fell in line with its previous dividend. The company has been raising its dividends consistently for the past 21 years. The stock has a dividend yield of 1.11%, as recorded on February 21.

In the fourth quarter of 2022, Soros Fund Management owned NKE stakes worth over $7.4 million. The company made up 0.1% of billionaire George Soros’ portfolio.

At the end of Q4 2022, 71 hedge funds tracked by Insider Monkey reported owning stakes in NIKE, Inc. (NYSE:NKE), up from 70 in the previous quarter. The collective value of these stakes is over $4 billion. Fundsmith LLP was the company’s leading stakeholder.

RiverPark Advisors mentioned NIKE, Inc. (NYSE:NKE) in its Q4 2022 investor letter. Here is what the firm has to say:

“NIKE, Inc. (NYSE:NKE) shares were a top contributor for 4Q as the company reported solid 2Q23 results and raised its annual guidance. Nike reported 17% revenue growth (27% on a currency neutral basis) and $0.85 EPS, both significantly greater than expectations. Management raised its F23 outlook to low teens currency-neutral revenue growth.

Nike is, by far, the leading athletic footwear, apparel, and equipment company in the world with over $46 billion in revenue, $6 billion in 2021 annual free cash flow, and over $4 billion of excess cash. We believe that the continued global secular growth trend towards active wear will continue to aid Nike’s top-line growth, while we expect gross and operating margin improvements as it shifts its product mix to more premium products and adopts a more direct to consumer approach, driving long-term mid-teens or higher annual EPS growth for the foreseeable future.”