3 Great Reasons to Buy Nike
It's not an easy task for a company to remain in pole position. Over time, competitive forces threaten to upstage the market leader even as management makes continuing efforts to remain relevant in an ever-changing business world. Nike (NYSE: NKE), a sports footwear and apparel giant, has managed to remain in the top spot within its industry for many years, and this is by no means an easy feat.
While the world has changed and evolved, Nike has continued to retain the qualities that make it an attractive growth stock. Despite the COVID-19 pandemic ravaging the company and forcing it to temporarily shut its physical outlets during the first half of the year, the company has witnessed resiliency in earnings. For the first quarter of its fiscal year 2021, revenue was down by just 1% year over year, while net income managed to rise by 10% year over year. Nike has even raised its quarterly dividend from $0.22 to $0.245 per share.
Here are three great reasons to include Nike in your investment portfolio.
Source Fool.com
