filings.toolsItem 5. MARKET FOR THE REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
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Item 5. MARKET FOR THE REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
Our common stock has been traded on the New York Stock Exchange under the symbol FTV since July 2, 2016. As of February 21, 2025, there were approximately 1,600 holders of record of our common stock.
In the fourth quarter of 2023, we increased the quarterly dividend paid from $0.07 per share to $0.08 per share on our common stock. Any future declaration and payments of dividends, including any change in the amount of quarterly dividend, on our common stock will be determined by our Board of Directors and will depend on our business conditions, financial results and other factors our Board deems relevant.
Issuer Purchases of Equity Securities
On February 17, 2022, the Company's Board of Directors approved a share repurchase program authorizing the Company to repurchase up to 20 million shares of the Company's outstanding common stock from time to time on the open market or in privately negotiated transactions. On January 23, 2024, the Company’s Board of Directors increased the number of shares authorized under the share repurchase program by an additional 11 million shares, with 8 million remaining authorized under the share repurchase program as of December 31, 2024. There is no expiration date for the repurchase program, and the timing and amount of repurchases under the program are determined by the Company's management based on market conditions and other factors. The repurchase program may be suspended or discontinued at any time by the Board of Directors.
During the fiscal year ended December 31, 2024, the Company purchased 12.0 million shares of its common stock at an average share price of $73.93, including 6.2 million shares at an average share price of $75.01 during the fourth quarter of 2024.
The following table provides details about our share repurchases during the fiscal quarter ended December 31, 2024.
| Period | Total number of shares (or units) purchased | Average price paid per share (or unit) | Total number of shares (or units) purchased as part of publicly announced plans or programs | Maximum number (or approximate dollar value) of shares (or units) that may yet be purchased under the plans or programs | |||||||||||||||||||
| September 28 - October 27 | — | $ | — | N/A | N/A | ||||||||||||||||||
| October 28 - November 27 | 6,200,000 | 75.01 | 6,200,000 | 7,990,143 | |||||||||||||||||||
| November 28 - December 31 | — | — | N/A | N/A | |||||||||||||||||||
| Total | 6,200,000 | $ | 75.01 | 6,200,000 | 7,990,143 | ||||||||||||||||||
Recent Issuances of Unregistered Securities
None.
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