Item 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
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Our common stock trades on the NYSE under the symbol "ROP". The table below sets forth the range of high and low sales prices for our common stock as reported by the NYSE as well as cash dividends declared during each of our 2014 and 2013 quarters.
| High | Low | Cash Dividends Declared | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2014 | 4th Quarter | $ | 160.48 | $ | 138.63 | $ | 0.25 | ||||||
| 3rd Quarter | 151.21 | 142.50 | 0.20 | ||||||||||
| 2nd Quarter | 148.94 | 128.99 | 0.20 | ||||||||||
| 1st Quarter | 141.92 | 131.80 | 0.20 | ||||||||||
| 2013 | 4th Quarter | $ | 138.68 | $ | 123.57 | $ | 0.200 | ||||||
| 3rd Quarter | 135.01 | 123.15 | 0.165 | ||||||||||
| 2nd Quarter | 126.33 | 118.12 | 0.165 | ||||||||||
| 1st Quarter | 127.31 | 114.14 | 0.165 |
Based on information available to us and our transfer agent, we believe that as of February 13, 2015 there were 161 record holders of our common stock.
Dividends – We have declared a cash dividend in each quarter since our February 1992 initial public offering and we have annually increased our dividend rate since our initial public offering. In December 2014, our Board of Directors increased the quarterly dividend paid January 23, 2015 to $0.25 per share from $0.20 per share, an increase of 25%. The timing, declaration and payment of future dividends will be at the sole discretion of our Board of Directors and will depend upon our profitability, financial condition, capital needs, future prospects and other factors deemed relevant by our Board of Directors.
Recent Sales of Unregistered Securities - In 2014, there were no sales of unregistered securities.
Performance Graph - This performance graph shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act") or otherwise subject to the liabilities under that Section and shall not be deemed to be incorporated by reference into any of our filings under the Securities Act of 1933, as amended, or under the Exchange Act.
The following graph compares, for the five year period ended December 31, 2014, the cumulative total stockholder return for our common stock, the Standard and Poor's 500 Stock Index (the "S&P 500") and the Standard and Poor's 500 Industrials Index (the "S&P 500 Industrials"). Measurement points are the last trading day of each of our fiscal years ended December 31, 2009, 2010, 2011, 2012, 2013 and 2014. The graph assumes that $100 was invested on December 31, 2009 in our common stock, the S&P 500 and the S&P 500 Industrials and assumes reinvestment of any dividends. The stock price performance on the following graph is not necessarily indicative of future stock price performance.
| 12/31/09 | 12/31/10 | 12/31/11 | 12/31/12 | 12/31/13 | 12/31/14 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Roper Industries, Inc. | 100.00 | 146.90 | 167.89 | 217.01 | 271.02 | 307.29 | |||||
| S&P 500 | 100.00 | 115.06 | 117.49 | 136.30 | 180.44 | 205.14 | |||||
| S&P 500 Industrials | 100.00 | 126.73 | 125.98 | 145.32 | 204.43 | 224.52 |

The information set forth in Item 12 under the heading "Securities Authorized for Issuance under Equity Compensation Plans" is incorporated herein by reference.
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