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, 2020, 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.
Stock Performance Graph
The following graph compares the cumulative total shareholder return of Amphenol over a period of five years ending December 31, 2019 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, 2014, 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.

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 2019 and 2018:
| | | | | | | |
|---|---|---|---|---|---|---|
| | 2019 | 2018 | ||||
| First Quarter | | $ | 0.23 | | $ | 0.19 |
| Second Quarter | | 0.23 | | 0.23 | ||
| Third Quarter | | 0.25 | | 0.23 | ||
| Fourth Quarter | | 0.25 | | 0.23 | ||
| Total | | $ | 0.96 | | $ | 0.88 |
Dividends declared and paid for the years ended December 31, 2019 and 2018 (in millions) were as follows:
| | | | | | | | | ||
|---|---|---|---|---|---|---|---|---|---|
| | | | | 2019 | | 2018 | |||
| Dividends declared | | $ | 285.3 | | $ | 264.3 | |||
| Dividends paid (including those declared in the prior year) | | 279.5 | | 253.7 |
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.
Equity Compensation Plan Information
The following table summarizes the Company’s equity compensation plan information as of December 31, 2019:
| | | | | | | | | |
|---|---|---|---|---|---|---|---|---|
| | | Equity Compensation Plan Information | | |||||
| | Number of securities to | Weighted average | Number of | | ||||
| | be issued upon exercise | | exercise price of | | securities | | ||
| | of outstanding options, | | outstanding options, | | remaining available | | ||
| Plan category | warrants and rights | | warrants and rights | | for future issuance | | ||
| Equity compensation plans approved by security holders | 35,687,722 | | $ | 67.71 | 23,676,326 | | ||
| Equity compensation plans not approved by security holders | — | | — | — | | |||
| Total | 35,687,722 | | $ | 67.71 | 23,676,326 | |
Repurchase of Equity Securities
In April 2018, the Company’s Board of Directors authorized a 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 (the “2018 Stock Repurchase Program”) in accordance with the requirements of Rule 10b-18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). During the year ended December 31, 2019, the Company repurchased 6.5 million shares of its Common Stock for $601.7 million under the 2018 Stock Repurchase Program. Of the total repurchases in 2019, 5.5 million shares, or $514.1 million, have been retired by the Company; the remaining 1.0 million shares, or $87.6 million, were retained in Treasury stock at time of repurchase. From January 1, 2020 through January 31, 2020, the Company repurchased 0.3 million additional shares of Common Stock for $29.0 million, leaving $816.1 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.
The table below reflects the Company’s stock repurchases for the year ended December 31, 2019:
| | | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| | | | | | | Total Number of | | Maximum Dollar | | ||
| (dollars in millions, except price per share) | | | | | | | Shares Purchased as | | Value of Shares | | |
| | | Total Number | | Average | | Part of Publicly | | that May Yet be | | ||
| | | of Shares | | Price Paid | | Announced Plans or | | Purchased Under the | | ||
| Period | | Purchased | per Share | Programs | Plans or Programs | | |||||
| First Quarter - 2019 | | 1,773,423 | | $ | 90.24 | | 1,773,423 | | $ | 1,286.7 | |
| Second Quarter - 2019 | | 2,642,694 | | | 94.09 | | 2,642,694 | | | 1,038.1 | |
| Third Quarter - 2019 | | 1,695,800 | | | 88.43 | | 1,695,800 | | | 888.1 | |
| | | | | | | | | | | | |
| Fourth Quarter - 2019: | | | | | | | | | | | |
| October 1 to October 31, 2019 | — | | — | — | | 888.1 | | ||||
| November 1 to November 30, 2019 | 146,100 | | 102.57 | 146,100 | | 873.1 | | ||||
| December 1 to December 31, 2019 | 272,269 | | 103.04 | 272,269 | | 845.1 | | ||||
| | | 418,369 | | | 102.88 | | 418,369 | | | 845.1 | |
| | | | | | | | | | | | |
| Total - 2019 | 6,530,286 | | $ | 92.14 | 6,530,286 | $ | 845.1 | |
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