filings.toolsItem 5. Market for Registrant’s Common Equity, Related Shareholder Matters and Issuer Purchases of Equity Securities
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Item 5. Market for Registrant’s Common Equity, Related Shareholder Matters and Issuer Purchases of Equity Securities
Market Information and Dividends
Grainger's common stock is listed and traded on the New York Stock Exchange, under the symbol GWW.
Grainger expects that its practice of paying quarterly dividends on its common stock will continue, although the payment of future dividends is at the discretion of Grainger’s Board of Directors and will depend upon Grainger’s earnings, capital requirements, financial condition and other factors.
Holders
The approximate number of shareholders of record of Grainger’s common stock as of January 31, 2020, was 604 with approximately 206,588 additional shareholders holding stock through nominees.
Issuer Purchases of Equity Securities - Fourth Quarter
| Period | Total Number of Shares Purchased (A) | Average Price Paid Per Share (B) | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (C) | Maximum Number of Shares That May Yet be Purchased Under the Plans or Programs | ||
| Oct. 1 – Oct. 31 | 112,700 | $301.83 | 112,700 | 3,284,920 | shares | |
| Nov. 1 – Nov. 30 | 126,183 | $320.04 | 126,183 | 3,158,737 | shares | |
| Dec. 1 – Dec. 31 | 81,184 | $319.32 | 80,144 | 3,078,593 | shares | |
| Total | 320,067 (D) | 319,027 |
| (A) | There were no shares withheld to satisfy tax withholding obligations. |
| (B) | Average price paid per share includes any commissions paid. |
| (C) | Purchases were made pursuant to a share repurchase program approved by Grainger's Board of Directors and announced on April 24, 2019 (2019 Program). The 2019 Program authorizes the repurchase of up to 5 million shares with no expiration date. |
| (D) | The difference of 1,040 shares between the Total Number of Shares Purchased and the Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs represents shares purchased by the administrator and record keeper of the W.W. Grainger, Inc. Employees Profit Sharing Plan for the benefit of the employees who participate in the plan. |
Company Performance
The following stock price performance graph compares the cumulative total return on an investment in Grainger common stock with the cumulative total return of an investment in each of the Dow Jones US Industrial Suppliers Total Stock Market Index and the S&P 500 Stock Index. It covers the period commencing December 31, 2014, and ending December 31, 2019. The graph assumes that the value for the investment in Grainger common stock and in each index was $100 on December 31, 2014, and that all dividends were reinvested.
| December 31, | ||||||||||||||||||
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | |||||||||||||
| W.W. Grainger, Inc. | $ | 100 | $ | 81 | $ | 95 | $ | 99 | $ | 121 | $ | 148 | ||||||
| Dow Jones US Industrial Suppliers Total Stock Market Index | 100 | 81 | 102 | 114 | 105 | 139 | ||||||||||||
| S&P 500 Stock Index | 100 | 101 | 114 | 138 | 132 | 174 |
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