Item 5. Market for Registrant’s Common Equity
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
There were no sales of equity securities by the Company during the fiscal twelve months ended December 29, 2024.
Market Information and Holders
Our common stock trades on the NYSE under the symbol “KVUE.” As of February 14, 2025, there were 1,911,240,720 shares of common stock outstanding, with 2,993 shareholders of record.
Dividends
Quarterly dividends have been paid to our shareholders since the Kenvue IPO. A summary of cash dividends per share on the outstanding Kenvue common stock declared to shareholders by our Board and paid during the fiscal twelve months ended December 29, 2024 is presented below:
Declaration Date
Record Date
Payment Date
Per Share Amount
January 25, 2024 February 14, 2024 February 28, 2024 $0.20
April 25, 2024 May 8, 2024 May 22, 2024 $0.20
July 25, 2024 August 14, 2024 August 28, 2024 $0.205
October 17, 2024 November 13, 2024 November 27, 2024 $0.205
On January 16, 2025, we announced that our Board declared a cash dividend of $0.205 per share on our common stock. The dividend is payable on February 26, 2025 to shareholders of record as of the close of business on February 12, 2025.
We expect to continue to pay cash dividends on a quarterly basis. However, the declaration of dividends is subject to the discretion of our Board.
Securities Authorized for Issuance Under Equity Compensation Plans
For information relating to securities authorized for issuance under equity compensation plans, see Part III, Item 12, “Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters,” of this Annual Report on Form 10-K.
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Stock Performance Graph
The following graph compares cumulative total shareholder return on our common stock against the Standard & Poor’s (“S&P”) 500 Stock Index and the S&P’s Consumer Staples Stock Index from May 4, 2023 (the first day our common stock began trading on the NYSE) through December 29, 2024. The graph assumes that $100 was invested on May 4, 2023 in each of the Company’s common stock, the S&P’s 500 Stock Index, and the S&P’s Consumer Staples Sector and that all dividends were reinvested.
Company/Stock Index May 4, 2023 July 2, 2023 October 1, 2023 December 31, 2023
Kenvue Inc. $ 100.00 $ 98.22 $ 75.36 $ 81.61
S&P 500 Stock Index
$ 100.00 $ 109.58 $ 105.59 $ 117.45
S&P 500 Consumer Staples Stock Index
$ 100.00 $ 97.76 $ 91.30 $ 95.69
Company/Stock Index March 31, 2024 June 30, 2024 September 29, 2024 December 29, 2024
Kenvue Inc. $ 82.19 $ 70.33 $ 90.83 $ 84.79
S&P 500 Stock Index $ 129.38 $ 134.45 $ 141.29 $ 147.02
S&P 500 Consumer Staples Stock Index $ 102.21 $ 102.92 $ 111.34 $ 108.32
Purchases of Equity Securities by the Issuer and Affiliated Purchasers
During the fiscal three months ended October 1, 2023, our Board authorized a share repurchase program, under which we are authorized to repurchase up to 27,000,000 shares of our outstanding common stock in open market or privately negotiated transactions. The program has no expiration date and may be suspended or discontinued at any time. The intent of this repurchase program is to offset dilution from the vesting or exercise of equity-based awards under the Kenvue 2023 Plan (as defined in Note 11, “Stock-Based Compensation,” to the Consolidated Financial Statements included herein).
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The following table represents our purchases of common stock during the fiscal three months ended December 29, 2024:
(Shares in Thousands)
Period
Total Number of Shares Purchased
Average Price Paid Per Common Share
Total Number of Shares Purchased as Part of Publicly Announced Plans or Program
Approximate Maximum Number of Shares That May Yet Be Purchased Under the Plans or Programs
September 30, 2024 – October 27, 2024
— $ — — 20,950
October 28, 2024 – November 24, 2024
2,158 $ 23.68 2,158 18,792
November 25, 2024 – December 29, 2024
3,000 $ 23.04 3,000 15,792
Total number of shares purchased
5,158
Item 6. [Reserved]