The following snippet converts the Text to an Array by splitting using SemiColon delimiter and uses the Transpose Function to place it in the Range
Sub ConvertText2Range()
Dim sText As String, arText
sText = Range("c16").Value
arText = Split(sText, ";")
Range("D16:D" & CStr(16 + UBound(arText))).Value = WorksheetFunction.Transpose(arText)
End Sub

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