Nike Is Down 78% From Its Peak. Here's How Much $10,000 Invested Pays in Dividends Now.

NKE trades 78% below its all-time high, pushing its dividend yield to 4.3%. A $10,000 position now collects $426 a year, but the payout is running ahead of the cash that funds it.

Free cash flow fell short of dividend costs in fiscal 2026, then turned negative in Q1 fiscal 2027. That is a direct mismatch between what NKE pays out and what it generates. The company still holds a 24-year streak of dividend increases, a record management would presumably prefer to protect.

The forward view adds pressure. Analysts forecast an 8% revenue decline in fiscal 2027, which points to no near-term relief for cash generation. Interpretation: with revenue shrinking and free cash flow already negative, the yield may reflect market doubt about the payout rather than a bargain. A 4.3% yield on a stock down 78% is the arithmetic of a collapsed share price, not necessarily a sign of strength.

The Motley Fool frames NKE as a risky pick for conservative income investors, and the cash flow figures support that read.