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
Market Information Shares of our common stock have been publicly traded since November 18, 2010 when our common stock was listed and began trading on the New York Stock Exchange and the Toronto Stock Exchange. The following table summarizes the quarterly price ranges of our common stock based on high and low prices from intraday trades on the New York Stock Exchange, the principal market on which the stock is traded:
| Years Ended December 31, | |||||||||||||||
| 2016 | 2015 | ||||||||||||||
| High | Low | High | Low | ||||||||||||
| First quarter | $ | 33.54 | $ | 26.69 | $ | 38.99 | $ | 32.36 | |||||||
| Second quarter | $ | 33.41 | $ | 27.34 | $ | 37.45 | $ | 33.06 | |||||||
| Third quarter | $ | 32.87 | $ | 27.52 | $ | 33.61 | $ | 24.62 | |||||||
| Fourth quarter | $ | 37.74 | $ | 30.21 | $ | 36.88 | $ | 29.98 |
Holders At January 31, 2017 we had 1.5 billion issued and outstanding shares of common stock held by 591 holders of record.
Dividends Our Board of Directors began declaring quarterly dividends on our common stock in the three months ended March 31, 2014. It is anticipated that dividends on our common stock will continue to be declared and paid quarterly. However the declaration of any dividend on our common stock is a matter to be acted upon by our Board of Directors in its sole discretion. Any dividend will be paid out of funds legally available for that purpose. Our payment of dividends in the future will depend on business conditions, our financial condition, earnings, liquidity and capital requirements and other factors. Refer to Item 6. Selected Financial Data for cash dividends declared on our common stock for the years ended December 31, 2016, 2015 and 2014.
Purchases of Equity Securities The following table summarizes our purchases of common stock in the three months ended December 31, 2016:
| Total Number of Shares Purchased(a) | Average Price Paid per Share | Total Number of Shares Purchased Under Announced Programs(b) | Approximate Dollar Value of Shares That May Yet be Purchased Under Announced Programs | ||||||||
| October 1, 2016 through October 31, 2016 | 41,719 | $ | 32.06 | — | $4.0 billion | ||||||
| November 1, 2016 through November 30, 2016 | 18,532,366 | $ | 32.92 | 17,906,695 | $3.4 billion | ||||||
| December 1, 2016 through December 31, 2016 | 11,537,206 | $ | 36.25 | 11,311,477 | $3.0 billion | ||||||
| Total | 30,111,291 | $ | 34.19 | 29,218,172 |
| (a) | Shares purchased consist of: (1) shares purchased under our previously announced common stock repurchase program; (2) shares retained by us for the payment of the exercise price upon the exercise of warrants; and (3) shares delivered by employees or directors to us for the payment of taxes resulting from issuance of common stock upon the vesting of Restricted Stock Units (RSUs) and Restricted Stock Awards (RSAs) relating to compensation plans. Refer to Note 21 to our consolidated financial statements for additional details on employee stock incentive plans and Note 19 to our consolidated financial statements for additional details on warrants issued. |
| (b) | In January 2016 our Board of Directors authorized the purchase of up to an additional $4 billion of our common stock under our previously announced common stock repurchase program before the end of 2017. In January 2017 we announced that our Board of Directors had authorized the purchase of up to an additional $5 billion of our common stock with no expiration date. |
GENERAL MOTORS COMPANY AND SUBSIDIARIES
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