Nike, a big name in athletic clothing and shoes, was founded 60 years ago and went public in December 1980. Its stock symbol is NKE and is currently down by 1.10%.
Nike’s stock has had seven 2-for-1 splits. If you bought one share in 1980 and held it until now, you would have 128 shares. The initial stock price was around $23, equivalent to $0.18 adjusted for splits. That share is now worth about $17,300, with reinvested dividends.
NKE Total Return Level data by YCharts.
If you simply held the stock, you’d have 128 shares today. With reinvested dividends through dividend reinvestment plans (DRIPs), you’d own over 456 shares now.
Will Nike Split Its Stock Again?
Nike last split its stock in 2015 and has not kept up with the S&P 500 since then, making another split unlikely for now. The company is trying a turnaround under new management. If this approach works well, Nike may consider splitting its stock again, but it’s too early to tell.
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