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
Our common stock is listed on the New York Stock Exchange under the symbol "HII".
Stockholders
The approximate number of our common stockholders was 12,644 as of January 26, 2024.
Annual Meeting of Stockholders
Our Annual Meeting of Stockholders is currently scheduled to be held on May 1, 2024.
Dividend
For the years ended December 31, 2023 and 2022, we declared dividends on common stock totaling $5.02 and $4.78 per share, respectively. While we intend to continue paying dividends, the declaration of cash dividends is at the discretion of our board of directors, considered in the context of the current conditions, including our earnings, other operating results, capital requirements, and applicable laws.
Stock Performance Graph
The following graph compares the total return on a cumulative basis of $100 invested in our common stock on January 1, 2019, to the Standard & Poor's ("S&P") 500 Index and the S&P Aerospace and Defense Select Index.
◦The cumulative total return assumes reinvestment of dividends.
◦The S&P Aerospace & Defense Select Index is comprised of The Boeing Company, General Dynamics Corporation, Huntington Ingalls Industries, Inc., L3 Harris Technologies, Inc., Lockheed Martin Corporation, Northrop Grumman Corporation, RTX Corporation, Textron, Inc., and TransDigm Group Incorporated, among other companies.
Purchases of Equity Securities by the Issuer and Affiliated Purchasers
Repurchases under our stock repurchase program are made from time to time at management's discretion in accordance with applicable federal securities laws. All repurchases of HII common stock have been recorded as treasury stock. The following table summarizes information relating to purchases made by or on behalf of the Company of shares of the Company's common stock during the quarter ended December 31, 2023.
| Period | Total Number of Shares Purchased | Average Price Paid per Share | Total Number of Shares Purchased as Part of Publicly Announced Program | **Approximate Dollar Value of Shares that May Yet Be Purchased Under the Program (in millions)**1,2 | ||||||||||||||||||||||
| October 1, 2023 to October 31, 2023 | 65,076 | $ | 214.52 | 65,076 | $ | 937.4 | ||||||||||||||||||||
| November 1, 2023 to November 30, 2023 | 48,276 | 231.48 | 48,276 | 926.2 | ||||||||||||||||||||||
| December 1, 2023 to December 31, 2023 | 48,100 | 241.27 | 48,100 | 914.6 | ||||||||||||||||||||||
| Total | 161,452 | $ | 227.56 | 161,452 | $ | 914.6 |
1 From the stock repurchase program's inception through December 31, 2023, we have purchased 13,976,868
shares at an average price of $163.51 per share for a total of $2.3 billion.
2 In November 2012, we announced the establishment of our stock repurchase program. In January 2024, our board
of directors authorized an increase in the stock repurchase program to $3.8 billion and an extension of the term to
December 31, 2028.
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