Nike Investors Can Pocket $500 Monthly With Dividend Strategy

Nike Inc. (NYSE:NKE) will release its first-quarter earnings after the closing bell on Thursday, October 1.

The apparel company has been a subject of interest lately, and some investors are eyeing potential gains from its dividends.

CURRENTLY, Nike's annual dividend yield is 4.63%, with a quarterly dividend of 41 cents per share ($1.64 a year).

To earn $500 per month or $6,000 annually from dividends alone, an investment of about $129,529, or around 3,659 shares, would be needed.