Only Seven Dow Components With Recent Insider Buying, NKE is One of Them

By Dividend Channel Staff, Tuesday, October 4, 11:31 AM ET

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Top Insider Buys By Company Directors »

The officers and directors of a company tend to have a unique inside view into the business, so when these insiders make purchases, investors are wise to take notice. Presumably the only reason for a company insider to choose to take their hard-earned cash and use it to buy stock in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. Within the 30 components of the Dow Jones Industrial Average, only seven companies have experienced such buying over the trailing six month period, one of which was Nike (NYSE:NKE), where an investment totaling $1M was made by Director John W. Rogers Jr.. Click Here to Learn Which Other Six Dow Components Also Had Recent Insider Buying »

Rogers Jr. bets big on NKE:

Purchased	Insider	Title	Shares	Price/Share	Value
06/30/2022	John W. Rogers Jr.	Director	10,000	$102.96	$1,029,646.00

Rogers Jr.'s average cost works out to $102.96/share. In trading on Tuesday, bargain hunters could buy shares of Nike (NYSE:NKE) and achieve a cost basis lower than Rogers Jr., with shares changing hands as low as $87.11 per share. It should be noted that Rogers Jr. has collected $0.30/share in dividends since the time of their purchase, so they are currently down 15.1% on their purchase from a total return basis. Shares of Nike were changing hands at $88.45 at last check, trading up about 3.4% on Tuesday. The chart below shows the one year performance of NKE shares, versus its 200 day moving average:

Nike Chart

Looking at the chart above, NKE's low point in its 52 week range is $82.22 per share, with $179.10 as the 52 week high point — that compares with a last trade of $88.45.

The current annualized dividend paid by Nike is $1.22/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 09/05/2022. Below is a long-term dividend history chart for NKE, which can be of good help in judging whether the most recent dividend with approx. 1.4% annualized yield is likely to continue.

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