Item 5. MARKET FOR REGISTRANT’S COMMON EQUITY RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES

Our common stock trades on the NYSE under the symbol “ROP”. Based on information available to us and our transfer agent, there were approximately 202 record holders of our common stock as of February 17, 2023.

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 November 2022, our Board of Directors increased the quarterly dividend paid January 23, 2023 to $0.6825 per share from $0.62 per share, an increase of 10%. This is the thirtieth consecutive year in which the Company has increased its dividend. 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, cash flows, financial condition, capital needs, future prospects and other factors deemed relevant by our Board of Directors.

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.

Roper has historically compared the cumulative total return on its common stock with that of the Standard & Poor’s 500 Stock Index (the “S&P 500”) and the Standard and Poor’s 500 Industrials Index (the “S&P 500 Industrials”). As a result of the divestiture activity in 2022 and 2021, the Company will use the S&P 500 Information Technology Index (the “S&P 500 IT”) in place of the S&P 500 Industrials on a go-forward basis to better reflect more relevant comparisons of our software and technology focused portfolio. The performance graph below presents the indices used in the prior year and the newly selected index.

The following graph compares, for the five year period ended December 31, 2022, the cumulative total stockholder return for our common stock, the S&P 500, the S&P 500 Industrials, and the S&P 500 IT indices. Measurement points are the last trading day of each of our fiscal years ended December 31, 2017, 2018, 2019, 2020, 2021 and 2022. The graph assumes that $100.00 was invested on December 31, 2017 in our common stock, the S&P 500, the S&P 500 Industrials, and the S&P 500 IT and assumes reinvestment of any dividends. The stock price performance on the following graph is not necessarily indicative of future stock price performance.

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