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 Video: What is a Stock Split?
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| Johnson & Johnson, through its subsidiaries, is engaged in the research and development, manufacture, and sale of a range of products in the healthcare field. Co.'s primary focus is products related to human health and well-being. It operates through two segments: Innovative Medicine and MedTech. The Innovative Medicine segment is focused on various therapeutic areas, including immunology, infectious diseases, neuroscience, oncology, pulmonary hypertension, and cardiovascular and metabolic diseases. Products in this segment are distributed directly to retailers, wholesalers, distributors, hospitals, and healthcare professionals for prescription use. According to our JNJ split history records, Johnson and Johnson has had 6 splits. | |
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Johnson and Johnson (JNJ) has 6 splits in our JNJ split history database. The first split for JNJ took place on May 18, 1970. This was a 3 for 1
split, meaning for each share of JNJ owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 3000 share position following the split. JNJ's second split took place on May 19, 1981. This was a 3 for 1
split, meaning for each share of JNJ owned pre-split, the shareholder now owned 3 shares. For example, a 3000 share position pre-split, became a 9000 share position following the split. JNJ's third split took place on May 11, 1989. This was a 2 for 1
split, meaning for each share of JNJ owned pre-split, the shareholder now owned 2 shares. For example, a 9000 share position pre-split, became a 18000 share position following the split. JNJ's 4th split took place on June 10, 1992. This was a 2 for 1
split, meaning for each share of JNJ owned pre-split, the shareholder now owned 2 shares. For example, a 18000 share position pre-split, became a 36000 share position following the split. JNJ's 5th split took place on June 12, 1996. This was a 2 for 1
split, meaning for each share of JNJ owned pre-split, the shareholder now owned 2 shares. For example, a 36000 share position pre-split, became a 72000 share position following the split. JNJ's 6th split took place on June 13, 2001. This was a 2 for 1 split, meaning for each share of JNJ owned pre-split, the shareholder now owned 2 shares. For example, a 72000 share position pre-split, became a 144000 share position following the split.
When a company such as Johnson and Johnson splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the JNJ split history from start to finish, an original position size of 1000 shares would have turned into 144000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Johnson and Johnson shares, starting with a $10,000 purchase of JNJ, presented on a split-history-adjusted basis factoring in the complete JNJ split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
01/21/2015 |
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| End date: |
01/16/2025 |
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| Start price/share: |
$101.90 |
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| End price/share: |
$147.77 |
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| Starting shares: |
98.14 |
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| Ending shares: |
129.32 |
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| Dividends reinvested/share: |
$38.94 |
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| Total return: |
91.10% |
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| Average Annual Total Return: |
6.69% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$19,102.19 |
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| Years: |
9.99 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
01/21/2015 |
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| End date: |
01/16/2025 |
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| Start price/share: |
$101.90 |
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| End price/share: |
$147.77 |
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| Dividends collected/share: |
$38.94 |
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| Total return: |
83.23% |
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| Average Annual Total Return: |
6.25% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$18,329.27 |
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| Years: |
9.99 |
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| Date |
Ratio |
| 05/18/1970 | 3 for 1
| | 05/19/1981 | 3 for 1
| | 05/11/1989 | 2 for 1
| | 06/10/1992 | 2 for 1
| | 06/12/1996 | 2 for 1
| | 06/13/2001 | 2 for 1 |
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