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). At January 18, 2023, there were 2,001 shareholders of record.
In December 2022, our Board of Directors approved a quarterly cash dividend of $0.16 per common share, payable on January 3, 2023, to shareholders of record on December 14, 2022. The declaration of future cash dividends is at the discretion of our Board of Directors and will depend upon our future earnings, capital requirements and liquidity, cash flows, and financial conditions.
Issuer Purchases of Equity Securities
| Total number of shares purchased (1) | 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, 2022 to October 31, 2022 | 796,762 | $ | 39.09 | 796,762 | $ | 451,750 | (2) | |||||||||||||||||||
| November 1, 2022 to November 30, 2022 | 830,203 | 41.42 | 830,203 | $ | 417,360 | (2) | ||||||||||||||||||||
| December 1, 2022 to December 31, 2022 | 765,060 | 45.05 | 765,060 | $ | 382,896 | (2) | ||||||||||||||||||||
| Total | 2,392,025 | $ | 41.81 | 2,392,025 |
(1)During 2022, participants surrendered 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 and are excluded from the table above.
(2)The Board of Directors approved a share repurchase authorization increase of $1.0 billion on January 31, 2022. There is no expiration date for this program, under which $382.9 million remained available as of December 31, 2022. During 2022, we repurchased 24.2 million shares for a total of $1.1 billion under this program.
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, 2018, 2019, 2020, 2021, and 2022, (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, 2022
| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |||||||||||||||||||||||||||||||||
| PULTEGROUP, INC. | $ | 100.00 | $ | 79.24 | $ | 119.91 | $ | 135.08 | $ | 181.06 | $ | 146.27 | ||||||||||||||||||||||||||
| S&P 500 Index - Total Return | 100.00 | 95.62 | 125.72 | 148.85 | 191.58 | 156.88 | ||||||||||||||||||||||||||||||||
| Dow Jones U.S. Select Home Construction Index | 100.00 | 69.27 | 103.63 | 131.60 | 197.10 | 146.02 |
- Assumes $100 invested on December 31, 2017, and the reinvestment of dividends.
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