filings.toolsItem 5. MARKET FOR THE REGISTRANT’S COMMON EQUITY, RELATED SHAREHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
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Item 5. MARKET FOR THE REGISTRANT’S COMMON EQUITY, RELATED SHAREHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
Our common shares are listed on the New York Stock Exchange (Symbol: PHM).
Related Shareholder Matters
The table below sets forth, for the quarterly periods indicated, the range of high and low intraday sales prices for our common shares and dividend per share information:
| December 31, 2016 | December 31, 2015 | ||||||||||||||||||||||
| High | Low | Declared Dividend | High | Low | Declared Dividend | ||||||||||||||||||
| 1st Quarter | $ | 18.82 | $ | 14.61 | $ | 0.09 | $ | 23.24 | $ | 20.56 | $ | 0.08 | |||||||||||
| 2nd Quarter | 19.80 | 16.60 | 0.09 | 22.78 | 18.85 | 0.08 | |||||||||||||||||
| 3rd Quarter | 22.40 | 19.04 | 0.09 | 22.02 | 18.72 | 0.08 | |||||||||||||||||
| 4th Quarter | 20.66 | 17.69 | 0.09 | 20.21 | 17.18 | 0.09 |
At January 26, 2017, there were 2,461 shareholders of record.
Issuer Purchases of Equity Securities
| Total number of shares purchased | Average price paid per share | Total number of shares purchased as part of publicly announced plans or programs | Approximate dollar value of shares that may yet be purchased under the plans or programs ($000’s omitted) | |||||||||||
| October 1, 2016 to October 31, 2016 | 3,963,535 | $ | 19.66 | 3,963,535 | $ | 1,179,181 | (2) | |||||||
| November 1, 2016 to November 30, 2016 | 4,743,500 | 18.59 | 4,743,500 | $ | 1,091,004 | (2) | ||||||||
| December 1, 2016 to December 31, 2016 | 4,523,842 | 19.07 | 4,521,729 | $ | 1,004,765 | (2) | ||||||||
| Total | 13,230,877 | $ | 19.07 | 13,228,764 |
| (1) | During the fourth quarter of 2016, participants surrendered 2,113 shares for payment of minimum tax obligations upon the vesting or exercise of previously granted share-based compensation awards. Such shares were not repurchased as part of our publicly-announced share repurchase programs. |
| (2) | The Board of Directors approved share repurchase authorizations totaling $300.0 million and $1.0 billion in December 2015 and July 2016, respectively, of which $1,004.8 million remained available as of December 31, 2016. There are no expiration dates for these programs. During 2016, we repurchased 30.9 million shares under these programs. |
The information required by this item with respect to equity compensation plans is set forth under Item 12 of this annual report on Form 10-K and is incorporated herein by reference.
Performance Graph
The following line graph compares for the fiscal years ended December 31, 2012, 2013, 2014, 2015, and 2016 (a) the yearly cumulative total shareholder return (i.e., the change in share price plus the cumulative amount of dividends, assuming dividend reinvestment, divided by the initial share price, expressed as a percentage) on PulteGroup’s common shares, with (b) the cumulative total return of the Standard & Poor’s 500 Stock Index, and with (c) the Dow Jones U.S. Select Home Construction Index. The Dow Jones U.S. Select Home Construction Index is a widely-recognized index comprised primarily of large national homebuilders. We believe comparison of our shareholder return to this index represents a meaningful analysis for investors.
COMPARISON OF FIVE YEAR CUMULATIVE TOTAL RETURN*
AMONG PULTEGROUP, INC., S&P 500 INDEX, AND PEER INDEX
Fiscal Year Ended December 31, 2016
| 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | |||||||||||||
| PULTEGROUP, INC. | 100.00 | 287.80 | 325.20 | 346.27 | 292.86 | 307.98 | ||||||||||||
| S&P 500 Index - Total Return | 100.00 | 116.00 | 153.57 | 174.60 | 177.01 | 198.18 | ||||||||||||
| Dow Jones U.S. Select Home Construction Index | 100.00 | 179.68 | 212.75 | 223.71 | 235.89 | 241.14 |
- Assumes $100 invested on December 31, 2011, and the reinvestment of dividends.
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