Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
5K characters. Original on sec.gov ·
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Our common stock trades on the New York Stock Exchange under the ticker symbol “FIS”. The table set forth below provides the high and low closing sales prices of the common stock and the cash dividends declared per share of common stock for each quarter of 2017 and 2016.
| High | Low | Dividend | |||||||||
| 2017 | |||||||||||
| First Quarter | $ | 83.84 | $ | 76.98 | $ | 0.29 | |||||
| Second Quarter | $ | 86.77 | $ | 79.13 | $ | 0.29 | |||||
| Third Quarter | $ | 93.54 | $ | 85.45 | $ | 0.29 | |||||
| Fourth Quarter | $ | 96.62 | $ | 90.47 | $ | 0.29 | |||||
| 2016 | |||||||||||
| First Quarter | $ | 63.31 | $ | 56.04 | $ | 0.26 | |||||
| Second Quarter | $ | 75.45 | $ | 63.44 | $ | 0.26 | |||||
| Third Quarter | $ | 80.84 | $ | 74.25 | $ | 0.26 | |||||
| Fourth Quarter | $ | 79.00 | $ | 73.92 | $ | 0.26 |
As of January 31, 2018, there were approximately 10,927 shareholders of record of our common stock.
We currently expect to continue to pay quarterly dividends. However, the amount, declaration and payment of future dividends is at the discretion of the Board of Directors and depends on, among other things, our investment opportunities, results of operations, financial condition, cash requirements, future prospects, and other factors that may be considered relevant by our Board of Directors, including legal and contractual restrictions. A regular quarterly dividend of $0.32 per common share is payable on March 30, 2018, to shareholders of record as of the close of business on March 16, 2018.
Item 12 of Part III contains information concerning securities authorized for issuance under our equity compensation plans.
Our Board of Directors has approved a series of plans authorizing repurchases of our common stock in the open market at prevailing market prices or in privately negotiated transactions, the most recent of which was on July 20, 2017. The current plan authorized repurchases of up to $4,000 million through December 31, 2020. This share repurchase authorization replaced any existing share repurchase authorization plan. Approximately $3,895 million of plan capacity remained available for
repurchases as of December 31, 2017. During January and February 2018, we repurchased an additional 4 million shares of our common stock for $401 million at an average price of $97.70 per share.
The table below summarizes annual share repurchase activity under these plans (in millions, except per share amounts):
| Total cost of shares | |||||||||||
| purchased as part of | |||||||||||
| Total number of | Average price | publicly announced | |||||||||
| Year ended | shares purchased | paid per share | plans or programs | ||||||||
| December 31, 2017 | 1 | $ | 93.24 | $ | 105 | ||||||
| December 31, 2016 | — | $ | — | $ | — | ||||||
| December 31, 2015 | 5 | $ | 66.10 | $ | 300 |
There were no share repurchases in 2016.
The graph below compares the cumulative 5-year total return of holders of Fidelity National Information Services, Inc.'s common stock with the cumulative total returns of the S&P 500 index and S&P Supercap Data Processing & Outsourced Services index. The graph assumes that the value of the investment in our common stock and in each index was $100 on December 31, 2012 and tracks it (including reinvestment of dividends) through December 31, 2017.

| 12/12 | 12/13 | 12/14 | 12/15 | 12/16 | 12/17 | ||
| Fidelity National Information Services, Inc. | 100.00 | 157.30 | 185.41 | 183.58 | 232.48 | 293.01 | |
| S&P 500 | 100.00 | 132.39 | 150.51 | 152.59 | 170.84 | 208.14 | |
| S&P Supercap Data Processing & Outsourced Services | 100.00 | 154.06 | 172.84 | 199.50 | 215.49 | 301.34 | |
The stock price performance included in this graph is not necessarily indicative of future stock price performance.
Previous: Item 4. Mine Safety Disclosures · Next: Item 6. Selected Financial Data