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 28, 2025.
Market Information and Holders
Our common stock trades on the NYSE under the symbol “KVUE.” As of February 13, 2026, there were 1,916,732,090 shares of common stock outstanding, with 2,817 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 28, 2025 is presented below:
Declaration Date
Record Date
Payment Date
Per Share Amount
January 16, 2025 February 12, 2025 February 26, 2025 $0.205
April 16, 2025 May 14, 2025 May 28, 2025 $0.205
July 30, 2025 August 13, 2025 August 27, 2025 $0.2075
October 29, 2025 November 12, 2025 November 26, 2025 $0.2075
On January 28, 2026, we announced that our Board declared a dividend of $0.2075 per share on our common stock. The dividend is payable on February 25, 2026 to shareholders of record as of the close of business on February 11, 2026.
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.”
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Stock Performance Graph
The following graph compares cumulative total shareholder return on our common stock against cumulative total return on 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 28, 2025. 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 December 31, 2023 December 29, 2024 December 28, 2025
Kenvue Inc. $ 100.00 $ 81.61 $ 84.79 $ 70.42
S&P 500 Stock Index
$ 100.00 $ 118.74 $ 150.69 $ 177.13
S&P 500 Consumer Staples Stock Index
$ 100.00 $ 97.45 $ 113.13 $ 117.05
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). On November 2, 2025, we entered into the Merger Agreement pursuant to which K-C will acquire all of the outstanding shares of the Company for a combination of stock and cash in a series of transactions, as described in Note 1, “Description of the Company and Summary of Significant Accounting Policies—Proposed Transaction with Kimberly-Clark,” to the Consolidated Financial Statements included herein. In accordance with the terms of the Merger Agreement, and subject to the exceptions therein, we are not permitted to repurchase, redeem, or otherwise acquire any of our equity interests without the prior written consent of K-C. No shares have been repurchased subsequent to the execution of the Merger Agreement.
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The following table represents our purchases of common stock during the fiscal three months ended December 28, 2025:
(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 Programs Approximate Maximum Number of Shares That May Yet Be Purchased Under the Plans or Programs
September 29, 2025 – October 26, 2025 — $ — — 6,613
October 27, 2025 – November 23, 2025 — $ — — 6,613
November 24, 2025 – December 28, 2025 — $ — — 6,613
Total number of shares purchased —
Item 6. [Reserved]
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