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Item 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES

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Item 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES

Common stock

Our common stock trades on the NASDAQ Global Select Market under the symbol AMGN. As of February 11, 2022, there were approximately 5,069 holders of record of our common stock.

Performance graph

The following graph shows the value of an investment of $100 on December 31, 2016, in each of Amgen common stock, the Amex Biotech Index, the Amex Pharmaceutical Index and Standard & Poor’s 500 Index. All values assume reinvestment of the pretax value of dividends and are calculated as of December 31 of each year. The historical stock price performance of the Company’s common stock shown in the performance graph is not necessarily indicative of future stock price performance.

amgn-20211231_g2.jpg

12/31/201612/31/201712/31/201812/31/201912/31/202012/31/2021
Amgen (AMGN)$100.00$122.32$140.76$179.65$176.05$177.59
Amex Biotech (BTK)$100.00$137.81$138.18$166.41$189.00$182.34
Amex Pharmaceutical (DRG)$100.00$116.63$125.31$148.36$161.31$199.02
Standard & Poor’s 500 (SPX)$100.00$121.89$116.56$153.26$181.44$233.47

The material in the above performance graph is not soliciting material, is not deemed filed with the SEC and is not incorporated by reference in any filing of the Company under the Securities Act or the Exchange Act, whether made on, before or after the date of this filing and irrespective of any general incorporation language in such filing.

Stock repurchase program

During the three months and year ended December 31, 2021, we had one outstanding stock repurchase program, under which the repurchasing activity was as follows:

Total number of shares purchasedAverage price paid per share**(1)**Total number of shares purchased as part of publicly announced programMaximum dollar value that may yet be purchased under the program**(2)**
October 1 - October 311,874,976$208.061,874,976$6,960,277,756
November 1 - November 302,484,905$208.352,484,905$6,442,554,907
December 1 - December 312,559,300$216.142,559,300$10,889,377,513
6,919,181$211.156,919,181
January 1 - December 3121,730,283$229.5021,730,283

(1)Average price paid per share includes related expenses.

(2)In October 2021 and December 2021, our Board of Directors increased the amount authorized under the stock repurchase program by an additional $4.5 billion and an additional $5.0 billion, respectively.

Dividends

For the years ended December 31, 2021 and 2020, we paid quarterly dividends. We expect to continue to pay quarterly dividends, although the amount and timing of any future dividends are subject to approval by our Board of Directors. Additional information required by this item is incorporated herein by reference to Part IV—Note 16, Stockholders’ equity, to the Consolidated Financial Statements.

Securities Authorized for Issuance Under Existing Equity Compensation Plans

Information about securities authorized for issuance under existing equity compensation plans is incorporated by reference from Item 12—Securities Authorized for Issuance Under Existing Equity Compensation Plans.

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