Nike, Inc. (NKE) is the company most recently added to the 2 for 1 Index®. NKE replaced American States Water (AWR) on February 12, 2016. Nike announced its split back in November but was not added to the Index at that time because of its relatively pricey PE and other valuation metrics. As a result of the market pullback, Nike came to an acceptable price point and became February’s selection for the 2 for 1 Index.
