filings.toolsItem 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
The Company's common stock is traded on the NYSE under the ticker symbol "DD."
During 2021 and 2020, the Company paid quarterly dividends on its common stock of $0.30 per share. The DuPont Board of Directors on February 7, 2022, declared a first quarter 2022 dividend of $0.33 per share, a ten percent per share increase versus the first quarter 2021 dividend, payable on March 15, 2022, to holders of record at the close of business on February 28, 2022. The Company expects to continue to pay quarterly dividends, although each dividend is subject to the approval of the Company's Board of Directors.
At January 31, 2022, there were 71,128 stockholders of record.
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 regarding purchases of the Company's common stock by the Company during the three months ended December 31, 2021:
| Issuer Purchases of Equity Securities | Total number of shares purchased as part of the Company's publicly announced share repurchase program 1 | Approximate dollar value of shares that may yet be purchased under the Company's publicly announced share repurchase program 1 (In millions) | ||||||||||||
| Period | Total number of shares purchased | Average price paid per share | ||||||||||||
| October | — | $ | — | — | 875 | |||||||||
| November | 3,644,493 | 79.55 | 3,644,493 | 585 | ||||||||||
| December | 2,747,571 | 76.45 | 2,747,571 | 375 | ||||||||||
| Fourth Quarter 2021 | 6,392,064 | $ | 78.22 | 6,392,064 | $ | 375 |
1.In the first quarter of 2021, the Company's Board of Directors authorized a $1.5 billion share buyback program, which expires on June 30, 2022.
Table of Contents
Stockholder Return
The form of the chart presented below is in accordance with the requirements of the U.S. Securities and Exchange Commission. Stockholders are cautioned against drawing any conclusions from the data contained therein, as past results are not necessarily indicative of future performance. The chart illustrates the cumulative total return of the Company's stock following completion of the DWDP Merger based on a presumed investment of $100 on September 1, 2017 and a presumption that all dividends were reinvested. The historical stock prices of DuPont presented in the chart have been adjusted to reflect the impact of the DWDP Distributions and the Reverse Stock Split. The Company elected to display the closing price on May 31, 2019, the day preceding the Corteva Distribution, in order to provide the reader a more useful baseline for the Company's performance as a specialty products company after consummation of the DWDP Distributions. The chart does not reflect the Company's forecast of future financial performance.
| Cumulative Total Return | September 1, 2017 | December 29, 2017 | December 31, 2018 | May 31, 2019 2 | December 31, 2019 | December 31, 2020 | December 31, 2021 | ||||||||||||||||
| DuPont 1 | $ | 100.00 | $ | 106.60 | $ | 81.92 | $ | 70.30 | $ | 70.48 | $ | 79.86 | $ | 92.16 | |||||||||
| S&P 500 | $ | 100.00 | $ | 108.84 | $ | 104.07 | $ | 115.24 | $ | 136.84 | $ | 162.02 | $ | 208.53 | |||||||||
| S&P Industrial Conglomerates | $ | 100.00 | $ | 94.76 | $ | 69.29 | $ | 77.63 | $ | 86.70 | $ | 95.60 | $ | 100.59 |
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The historical stock prices of DuPont prior to the DWDP Distributions have been adjusted to reflect the impact of the DWDP Distributions and the Reverse Stock Split.
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Represents the day preceding the Corteva Distribution.
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