This High-Yield Dividend Stock Trades at a Third of Its Record Highs: Is It a Buy for 2026?

Group 1 - The S&P 500 Index's dividend yield has fallen to levels not seen since the late 1990s, raising concerns about a potential AI bubble similar to the dot-com bubble [1] - Nike's current dividend yield stands at 2.4%, which is double that of the average S&P 500 Index constituent [2][1] - Despite gradually increasing dividends, Nike's stock has significantly declined, trading at just over a third of its peak value from late 2021 and facing a potential fourth consecutive year of losses [3][4] Group 2 - Nike's turnaround strategy under CEO Elliot Hill includes a focus on innovation, adjustments to market strategy, and structural cost cuts, which may pressure near-term profitability but aim to enhance long-term growth and margins [5][4]