Nike went public in 1980 after years of impressive growth, becoming the world’s largest sports footwear and apparel company by 1990. Recent disappointing earnings reports have prompted management to declare a comeback in progress. Despite challenges like inventory management and uninspired product innovation, Nike remains a strong brand. Shares are down 19% this year, but the company just announced its 24th consecutive annual dividend increase. A $100 investment in Nike’s 1980 IPO would now be worth $33,900, showcasing the long-term power of a durable brand. Consider all factors before buying stock in Nike.

Read more at Nasdaq: Nike Went Public 45 Years Ago. If You’d Put $100 Into Its IPO, Here’s How Much You’d Have Today.