Adidas Stock: Share Price Dips Despite Strong Dividend Outlook

Adidas shares experienced a notable decline in XETRA trading, with the stock opening at €257.40 and subsequently sliding to €255.00, marking a 1.3 percent decrease. Despite this daily setback, the sportswear giant's current market position reflects significant resilience, trading well above its 52-week low of €169.02 recorded in February 2024. The stock remains within striking distance of its recent 52-week peak of €262.80, requiring only a 2.66 percent increase to reach this milestone.

Dividend Prospects Signal Growth

Shareholders can find encouragement in Adidas's improving dividend outlook, with analysts projecting more than a twofold increase in dividend payments from €0.70 per share to €1.54 for the current year. This optimistic forecast is supported by robust financial performance, as evidenced by the company's impressive quarterly earnings of €2.48 per share, marking a dramatic turnaround from the previous year's loss of €2.12 per share. The company's revenue also showed remarkable growth, surging by approximately 34 percent to reach €6.44 billion.

Ad

Fresh Adidas information released. What's the impact for investors? Our latest independent report examines recent figures and market trends.

Source StockWorld