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Item 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
Market for Registrant's Common Equity and Related Stockholder Matters
The company's common stock is listed on the New York Stock Exchange, Inc. (symbol: CTVA). The number of record holders of common stock was approximately 77,000 at January 31, 2021.
In June 2019, the company began declaring quarterly dividends. During 2019, the company paid two quarterly dividends on its common stock of $0.13 per share each. During 2020, the company paid four quarterly dividends on its common stock of $0.13 per share each.
See Part III, Item 11. Executive Compensation for information relating to the company’s equity compensation plans.
Issuer Purchases of Equity Securities
The following table provides information with respect to the company's purchase of its common stock during the three months ended December 31, 2020:
| Month | Total Number of Shares Purchased | Average Price Paid per Share | Total Number of Shares Purchased as Part of the Company's Publicly Announced Share Buyback Program****1 | Approximate Value of Shares that May Yet Be Purchased Under the Programs****1 (Dollars in millions) | ||||||||||
| October 2020 | 2,862,214 | $ | 31.92 | 2,862,214 | $ | 801 | ||||||||
| November 2020 | 555,355 | 37.54 | 555,355 | 780 | ||||||||||
| December 2020 | 2,061,079 | 38.81 | 2,061,079 | 700 | ||||||||||
| Fourth quarter 2020 | 5,478,648 | $ | 35.08 | 5,478,648 | $ | 700 |
1 On June 26, 2019, Corteva, Inc. announced that its Board of Directors authorized a $1 billion share repurchase program to purchase Corteva, Inc.'s common stock, par value $0.01 per share, without an expiration date. The company repurchased $300 million under its share buyback plan since the Corteva Distribution and expects to repurchase the remaining $700 million in 2021. The timing, price and volume of purchases will be based on market conditions, relevant securities laws and other factors.
Stock Performance Graph
The following graph illustrates the cumulative total return to Corteva stockholders following the completion of the Separation and beginning as of the closing price of its first NYSE listing date, June 3, 2019. The Chart compares the cumulative total return of Corteva’ s common stock with the S&P 500 Stock Index and the S&P 500 Chemicals Index.
Part II
ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
| 6/3/2019 | 12/31/2019 | 12/31/2020 | |||||||||
| Corteva | $ | 100 | $ | 120 | $ | 161 | |||||
| S&P 500 Index | 100 | 119 | 141 | ||||||||
| S&P 500 Chemicals Index | 100 | 112 | 129 |
The chart depicts a hypothetical $100 investment in each of the Corteva common stock, the S&P 500 Index and the S&P 500 Chemicals Index as of the closing price on June 3, 2019 and illustrates the value of each investment over time (assuming the reinvestment of dividends) until December 31, 2020.
Part II
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