If You Invested $25,000 in Johnson & Johnson 20 Years Ago, This Is How Much You Would Have Today
Founded in 1886, Johnson & Johnson (NYSE: JNJ) has been around for over a century and is one of the world's largest healthcare companies with a market cap of close to $450 billion. It's known for creating the first-ever first-aid kits and for the creation of Band-Aid. Over the years, it has developed many consumer brands, pharmaceuticals, and medical devices as it has continued to evolve and grow its business.
By 2003, this was already a formidable healthcare company, and I'll look at how much you would have made on a $25,000 investment back then.
On Aug. 1, 2003, shares of Johnson & Johnson closed at a price of $50.43. A $25,000 investment at the time would have allowed you to buy approximately 496 shares of the company. Today, with the stock price trading at around $170, the investment would now be worth more than $84,000, for a return of 237%. Over a 20-year period, that averages out to a compound annual growth rate of 6.3%.
Source Fool.com
