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.
The New York Stock Exchange is the principal market on which our common stock is traded. The following table indicates the high and low sales prices of our common stock as reported by the New York Stock Exchange and the cash dividends declared per common share for the periods indicated:
| Market Price | Dividends Declared | ||||||||||
| Quarter | High | Low | |||||||||
| 2016 | |||||||||||
| Fourth | $ | 35.07 | $ | 29.38 | $ | 0.100 | |||||
| Third | 37.38 | 30.31 | 0.100 | ||||||||
| Second | 32.92 | 29.11 | 0.095 | ||||||||
| First | 31.71 | 23.10 | 0.095 | ||||||||
| Total | $ | 0.390 | |||||||||
| 2015 | |||||||||||
| Fourth | $ | 30.61 | $ | 24.89 | $ | 0.095 | |||||
| Third | 28.59 | 22.52 | 0.095 | ||||||||
| Second | 28.38 | 25.47 | 0.090 | ||||||||
| First | 27.40 | 23.23 | 0.090 | ||||||||
| Total | $ | 0.370 |
On January 31, 2017, there were approximately 4,000 holders of record of our common stock.
We expect that our practice of paying quarterly dividends on our common stock will continue, although the payment of future dividends is at the discretion of our Board of Directors and will depend upon our earnings, capital requirements, financial condition and other factors.
In September 2014, our Board of Directors authorized the purchase of up to 50 million shares, for retirement of our common stock in open-market transactions or otherwise, replacing the previous authorization established in 2007. During 2016, we repurchased and retired nearly 15 million shares of our common stock for cash aggregating $459 million. The following table provides information regarding the repurchase of our common stock for the three months ended December 31, 2016.
| Period | Total Number of Shares Purchased | Average Price Paid Per Common Share | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs | Maximum Number of Shares That May Yet Be Purchased Under the Plans or Programs | ||||||||
| 10/1/16 - 10/31/16 | 3,633,200 | $ | 32.00 | 3,633,200 | 15,809,196 | |||||||
| 11/1/16 - 11/30/16 | 2,335,200 | $ | 30.62 | 2,335,200 | 13,473,996 | |||||||
| 12/1/16 - 12/31/16 | 604,318 | $ | 30.79 | 604,318 | 12,869,678 | |||||||
| Total for the quarter | 6,572,718 | 6,572,718 | 12,869,678 |
Performance Graph
The table below compares the cumulative total shareholder return on our common stock with the cumulative total return of (i) the Standard & Poor's 500 Composite Stock Index ("S&P 500 Index"), (ii) The Standard & Poor's Industrials Index ("S&P Industrials Index") and (iii) the Standard & Poor's Consumer Durables & Apparel Index ("S&P Consumer Durables & Apparel Index"), from December 31, 2011 through December 31, 2016, when the closing price of our common stock was $31.62. The graph assumes investments of $100 on December 31, 2011 in our common stock and in each of the three indices and the reinvestment of dividends.
The table below sets forth the value, as of December 31 for each of the years indicated, of a $100 investment made on December 31, 2011 in each of our common stock, the S&P 500 Index, the S&P Industrials Index and the S&P Consumer Durables & Apparel Index and includes the reinvestment of dividends.
| 2012 | 2013 | 2014 | 2015 | 2016 | |||||||||||||||
| Masco | $ | 161.83 | $ | 224.10 | $ | 251.26 | $ | 324.95 | $ | 367.49 | |||||||||
| S&P 500 Index | $ | 115.88 | $ | 153.01 | $ | 173.69 | $ | 176.07 | $ | 196.78 | |||||||||
| S&P Industrials Index | $ | 115.17 | $ | 161.45 | $ | 177.05 | $ | 172.56 | $ | 204.60 | |||||||||
| S&P Consumer Durables & Apparel Index | $ | 121.50 | $ | 165.04 | $ | 180.20 | $ | 178.88 | $ | 168.67 |
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