Nike's Turnaround Is Underway, but Is the Dividend Growth Stock a Buy Before 2025?

With a yield of over 2%, Nike stock has become a legitimate passive income source for patient investors.Nike (NKE 0.04%) reported its fiscal 2025's second-quarter results on Dec. 19, beating top- and bottom-line estimates (although expectations were very low). However, the stock fell slightly on Dec. 20 despite a 1.1% gain in the S&P 500 as investors digested Nike's guidance and the timeline of its recovery.The company has increased its dividend for 23 consecutive years and currently yields 2.1%, making it ...