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This Stock Hasn't Split Since 1999 — $1,000 Invested Then Would Be Worth A Boatload Today

When investing in the stock market, a history of strong returns should be high on your priority list. Combine this with a positive outlook on the future, and you may have a winner to add to your portfolio.

Amgen Inc., an American multinational biopharmaceutical company, fits this mold. The company has a 10-year annualized total return of 13.69% through the end of 2022. And if that's not enough to pique your interest, consider this: It pays out billions of dollars in dividends to investors every year.

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The most recent Amgen stock split occurred on Nov. 22, 1999. The next day, the stock traded at $34.72. So, $1,000 would have purchased you 28.8 shares. While that may not sound like a lot of shares, time is powerful.

Today, with Amgen trading at $263.19, 28.8 shares would be worth $7,579.87. In other words, gains of $6,579.87 for doing nothing more than making a well-informed initial investment and holding onto it.

That is impressive, but don't forget that Amgen has a long history of paying dividends to its shareholders. For example, in 2023, shareholders received four equal dividend payments of $2.13 for an annualized dividend of $8.52. With only 28 shares (that's if you haven't reinvested dividends over the past 24 years), you'd earn $238.56 in dividends this year.

To top it off, Amgen has increased its annualized dividend for 11 consecutive years.

Amgen may not get as much attention as other top stock performers, such as those in the tech sector, but the company continues to provide its investors with strong growth both in its share price and dividend payouts.

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This article This Stock Hasn't Split Since 1999 — $1,000 Invested Then Would Be Worth A Boatload Today originally appeared on Benzinga.com

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© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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