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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

Market Information

The Company effected the initial public offering of its Class A Common Stock (“Common Stock”) in November 1991. The Company’s Common Stock has been listed on the New York Stock Exchange since that time under the ticker symbol “APH”. As of January 31, 2019, there were 35 holders of record of the Company’s Common Stock. A significant number of outstanding shares of Common Stock are registered in the name of only one holder, which is a nominee of The Depository Trust Company, a securities depository for banks and brokerage firms. The Company believes that there are a significant number of beneficial owners of its Common Stock.

Dividends

Contingent upon declaration by the Board of Directors, the Company generally pays a quarterly dividend on shares of its Common Stock. The following table sets forth the dividends declared per common share for each quarter of 2018 and 2017:

20182017
First Quarter$0.19$0.16
Second Quarter0.230.16
Third Quarter0.230.19
Fourth Quarter0.230.19
Total$0.88$0.70

Dividends declared and paid for the years ended December 31, 2018 and 2017 (in millions) were as follows:

20182017
Dividends declared$264.3$213.7
Dividends paid (including those declared in the prior year)253.7205.0

The Company’s Revolving Credit Facility contains financial covenants and restrictions, some of which may limit the Company’s ability to pay dividends, and any future indebtedness that the Company may incur could limit its ability to pay dividends.

Stock Performance Graph

The following graph compares the cumulative total shareholder return of Amphenol over a period of five years ending December 31, 2018 with the performance of the Standard & Poor’s 500 (“S&P 500”) Stock Index and the Dow Jones U.S. Electrical Components & Equipment Index. This graph assumes that $100 was invested in the Common Stock of Amphenol and each index on December 31, 2013, reflects reinvested dividends and is weighted on a market capitalization basis at the time of each reported data point. Each reported data point below represents the last trading day of each calendar year. The comparisons in the graph below are based upon historical data and are not indicative of, nor intended to forecast, future performance.

Picture 2

Equity Compensation Plan Information

The following table summarizes the Company’s equity compensation plan information as of December 31, 2018:

Equity Compensation Plan Information
Number of securities toWeighted averageNumber of
be issued upon exerciseexercise price ofsecurities
of outstanding options,outstanding options,remaining available
Plan categorywarrants and rightswarrants and rightsfor future issuance
Equity compensation plans approved by security holders35,565,541$59.7829,664,820
Equity compensation plans not approved by security holders———
Total35,565,541$59.7829,664,820

Repurchase of Equity Securities

On April 24, 2018, the Company’s Board of Directors authorized a new stock repurchase program under which the Company may purchase up to $2.0 billion of the Company’s Common Stock during the three-year period ending April 24, 2021 in accordance with the requirements of Rule 10b-18 of the Exchange Act (the “2018 Stock Repurchase Program”). During the year ended December 31, 2018, the Company repurchased 6.4 million shares of its Common Stock for $553.2 million under the 2018 Stock Repurchase Program. Approximately 5.7 million shares, or $498.2 million, have been retired by the Company; the remaining 0.7 million shares, or $55.0 million, have been retained in Treasury stock. From January 1, 2019 through January 31, 2019, the Company repurchased approximately 0.6 million additional shares of Common Stock for $50.6 million, leaving approximately $1,396.2 million available to purchase under the 2018 Stock Repurchase Program. The price and timing of any future purchases under the 2018 Stock Repurchase Program will depend on factors such as levels of cash generation from operations, the volume of stock option exercises by employees, cash requirements for acquisitions, dividends, economic and market conditions and stock price.

On January 24, 2017, the Company’s Board of Directors authorized a stock repurchase program under which the Company could purchase up to $1.0 billion of the Company’s Common Stock during the two-year period ending January 24, 2019 in accordance with the requirements of Rule 10b-18 of the Exchange Act (the “2017 Stock Repurchase Program”). During the three months ended March 31, 2018, the Company repurchased 4.2 million shares of its Common Stock for $382.0 million under the 2017 Stock Repurchase Program, bringing total repurchases under this program to approximately 12.6 million shares or $1.0 billion, thus completing the 2017 Stock Repurchase Program.

The table below reflects the Company’s stock repurchases for the year ended December 31, 2018:

Total Number ofMaximum Dollar
(dollars in millions, except price per share)Shares Purchased asValue of Shares
Total NumberAveragePart of Publiclythat May Yet be
of SharesPrice PaidAnnounced Plans orPurchased Under the
PeriodPurchasedper ShareProgramsPlans or Programs
First Quarter - 20184,244,114$90.004,244,114$—
Second Quarter - 20183,073,64585.703,073,6451,736.6
Third Quarter - 2018402,20586.53402,2051,701.8
Fourth Quarter - 2018:
October 1 to October 31, 2018807,80085.80807,8001,632.5
November 1 to November 30, 20181,464,57689.231,464,5761,501.8
December 1 to December 31, 2018654,67784.00654,6771,446.8
2,927,05387.122,927,0531,446.8
Total - 201810,647,017$87.8410,647,017$1,446.8

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