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, under the ticker symbol MAS. On January 31, 2022, there were approximately 2,700 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. The Board of Directors declared a quarterly dividend of $0.28 per share in the first quarter of 2022 with the intention to increase the annual dividend to $1.12 per share.
Effective February 10, 2021, our Board of Directors authorized the repurchase, for retirement, of up to $2.0 billion of shares of our common stock in open-market transactions or otherwise, replacing the previous Board of Directors authorization established in 2019. We repurchased and retired 17.6 million shares of our common stock for the year ended December 31, 2021 for approximately $1,026 million. This included 0.7 million shares to offset the dilutive impact of restricted stock units granted in 2021. At December 31, 2021, we had $1,128 million remaining under the 2021 authorization.
The following table provides information regarding the repurchase of our common stock for the three-month period ended December 31, 2021.
| 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 Value of Shares That May Yet Be Purchased Under the Plans or Programs | |||||||||||||||||||
| 10/1/21 - 10/31/21 | 886,339 | $ | 56.42 | 886,339 | $ | 1,226,445,766 | |||||||||||||||||
| 11/1/21 - 11/30/21 | 479,801 | $ | 66.70 | 479,801 | $ | 1,194,441,196 | |||||||||||||||||
| 12/1/21 - 12/31/21 | 978,015 | $ | 67.49 | 978,015 | $ | 1,128,431,724 | |||||||||||||||||
| Total for the quarter | 2,344,155 | $ | 63.15 | 2,344,155 | $ | 1,128,431,724 |
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, 2016 through December 31, 2021, when the closing price of our common stock was $70.22. The graph assumes investments of $100 on December 31, 2016 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, 2016 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.
| 2017 | 2018 | 2019 | 2020 | 2021 | |||||||||||||||||||||||||
| Masco | $ | 138.96 | $ | 92.47 | $ | 151.77 | $ | 173.72 | $ | 222.07 | |||||||||||||||||||
| S&P 500 Index | $ | 119.42 | $ | 111.97 | $ | 144.31 | $ | 167.77 | $ | 212.89 | |||||||||||||||||||
| S&P Industrials Index | $ | 118.54 | $ | 100.76 | $ | 127.79 | $ | 139.30 | $ | 166.33 | |||||||||||||||||||
| S&P Consumer Durables & Apparel Index | $ | 116.59 | $ | 101.07 | $ | 133.69 | $ | 158.30 | $ | 191.45 |
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