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 principal market on which our common stock is traded is the New York Stock Exchange under the symbol “TXT.” At December 30, 2017, there were approximately 8,800 record holders of Textron common stock. The high and low sales prices per share of our common stock as reported on the New York Stock Exchange and the dividends paid per share are provided in the following table:
| 2017 | 2016 | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High | Low | Dividends per Share | High | Low | Dividends per Share | |||||||
| First quarter | $ | 50.93 | $ | 43.66 | $ | 0.02 | $ | 41.74 | $ | 30.69 | $ | 0.02 |
| Second quarter | 48.67 | 45.00 | 0.02 | 40.61 | 34.00 | 0.02 | ||||||
| Third quarter | 54.07 | 47.00 | 0.02 | 41.33 | 35.06 | 0.02 | ||||||
| Fourth quarter | 57.71 | 51.07 | 0.02 | 49.82 | 37.19 | 0.02 |
Issuer Repurchases of Equity Securities
The following provides information about our fourth quarter 2017 repurchases of equity securities that are registered pursuant to Section 12 of the Securities Exchange Act of 1934, as amended:
| Period (shares in thousands) | **Total Number of Shares Purchased *** | Average Price Paid per Share (excluding commissions) | **Total Number of Shares Purchased as part of Publicly Announced Plan *** | Maximum Number of Shares that may yet be Purchased under the Plan | |
|---|---|---|---|---|---|
| October 1, 2017 – November 4, 2017 | 740 | $ | 53.44 | 740 | 14,767 |
| November 5, 2017 – December 2, 2017 | 860 | 53.52 | 860 | 13,907 | |
| December 3, 2017 – December 30, 2017 | 825 | 55.55 | 825 | 13,082 | |
| Total | 2,425 | $ | 54.19 | 2,425 |
* These shares were purchased pursuant to a plan authorizing the repurchase of up to 25 million shares of Textron common stock that had been announced on January 25, 2017. This plan has no expiration date.
Stock Performance Graph
The following graph compares the total return on a cumulative basis at the end of each year of $100 invested in our common stock on December 31, 2012 with the Standard & Poor’s (S&P) 500 Stock Index, the S&P 500 Aerospace & Defense (A&D) Index and the S&P 500 Industrials Index, all of which include Textron. The values calculated assume dividend reinvestment.
| 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Textron Inc. | $ | 100.00 | $ | 148.69 | $ | 170.68 | $ | 170.59 | $ | 197.59 | $ | 230.63 | ||||||
| S&P 500 | 100.00 | 132.39 | 150.51 | 152.59 | 170.84 | 208.14 | ||||||||||||
| S&P 500 A&D | 100.00 | 154.92 | 172.63 | 182.01 | 216.42 | 305.97 | ||||||||||||
| S&P 500 Industrials | 100.00 | 131.64 | 147.91 | 152.19 | 167.59 | 205.41 |
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