Athletic apparel and shoe giant Nike (NYSE: NKE) has been around for a while. The company was founded 60 years ago, and Nike's stock entered the public markets in December 1980.
The stock has also experienced seven 2-for-1 stock splits over the years. If you had bought a single Nike stub in 1980 and held on to it until October 2024, you'd have 128 shares in your pocket.
The stock price was about $23 per share on Nike's first market day. That works out to $0.18 per share on a split-adjusted basis. That single share of 1980 Nike stock is now worth about $17,300, assuming you reinvested Nike's dividends in more stock along the way:
NKE Total Return Level data by YCharts .
Simply holding on to Nike's stock for 44 years would give you 128 stubs today. But with reinvested dividends, you'd have more than 456 Nike shares. Those handy-dandy dividend reinvestment plans (DRIPs) can make a big difference in the long run.
Will Nike split its stock again?
Nike's latest stock split was performed just before the holidays of 2015. The stock has underperformed the S&P 500 market index since then, making Nike an unlikely candidate for more stock splits anytime soon.
The company is attempting a turnaround , driven by a back-to-basics approach under former Air Jordan CEO Elliott Hill . Nike might split its stock again if Hill's management style turns out to be just what the company needed. But he has been on the job for less than a month, so the jury is still out on that idea.
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Anders Bylund has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nike. The Motley Fool has a disclosure policy .
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