Nike, a major sportswear brand, was founded 60 years ago and went public in December 1980. Its stock is currently trading at $81.60 (NKE -0.67%).
If you had bought a single share of Nike stock in 1980 and held onto it until now, you would own 128 shares due to seven 2-for-1 stock splits. Initially priced at about $23, that first share would be worth around $17,300 today, assuming you reinvested dividends.
NKE Total Return Level data by YCharts.
Holding Nike stock for 44 years would net you 128 shares, but with reinvested dividends, you’d have over 456 shares, thanks to dividend reinvestment plans (DRIPs).
Will Nike split its stock again?
The last time Nike split its stock was in late 2015. Since then, it has underperformed the S&P 500, making another split unlikely for now. However, the company is undergoing a management change under Elliott Hill, which might lead to future splits if successful.
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