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
Vistra's common stock is listed and traded on the NYSE under the symbol "VST". Vistra's authorized capital stock consists of 1,800,000,000 shares of common stock with a par value of $0.01 per share.
As of February 23, 2024, there were 472 stockholders of record.
The Board has authority to declare dividends to the holders of our common stock. The Board intends to continue the payment of dividends to the holders of the Company's common stock in the future. The declaration and payment of future dividends, however, will be at the discretion of the Board and will depend on numerous factors in existence at the time of any such declaration including, but not limited to, prevailing market conditions, Vistra's results of operations, financial condition and liquidity, Delaware law and contractual limitations.
Stock Performance Graph
The performance graph below compares Vistra's cumulative total return on common stock during the five-year period from December 31, 2018 through December 31, 2023 with the cumulative total returns of the S&P 500 Stock Index (S&P 500) and the S&P Utility Index (S&P Utilities). The graph below compares the return in each period assuming that $100 was invested at December 31, 2018 in Vistra's common stock, the S&P 500 and the S&P Utilities, and that all dividends were reinvested.
| December 31, | |||||||||||||||||||||||||||||||||||
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | ||||||||||||||||||||||||||||||
| Vistra Corp. | $ | 100.00 | $ | 102.48 | $ | 90.41 | $ | 108.08 | $ | 113.57 | $ | 193.89 | |||||||||||||||||||||||
| S&P 500 | $ | 100.00 | $ | 131.47 | $ | 155.65 | $ | 200.59 | $ | 163.98 | $ | 207.04 | |||||||||||||||||||||||
| S&P Utilities | $ | 100.00 | $ | 126.35 | $ | 127.01 | $ | 149.46 | $ | 151.79 | $ | 141.05 |
The stock price performance included in this graph is not necessarily indicative of future stock price performance.
Purchases of Equity Securities by the Issuer
The following table provides information about our repurchase of common stock, during the three months ended December 31, 2023.
| Period | Total Number of Shares Purchased | Average Price Paid per Share | Total Number of Shares Purchased as Part of a Publicly Announced Program | Maximum Dollar Amount of Shares that may yet be Purchased under the Program (in millions) | ||||||||||||||||||||||
| October 1 - October 31, 2023 | 4,246,310 | $ | 32.15 | 4,246,310 | $ | 993 | ||||||||||||||||||||
| November 1 - November 30, 2023 | 3,682,876 | $ | 34.81 | 3,682,876 | $ | 865 | ||||||||||||||||||||
| December 1 - December 31, 2023 | 3,061,650 | $ | 37.55 | 3,061,650 | $ | 750 | ||||||||||||||||||||
| For the quarter ended December 31, 2023 | 10,990,836 | $ | 34.54 | 10,990,836 | $ | 750 |
In October 2021, we announced that the Board had authorized a share repurchase program (Share Repurchase Program) under which up to $2.0 billion of our outstanding common stock may be repurchased. The Share Repurchase Program became effective on October 11, 2021. In August 2022, March 2023 and February 2024, the Board authorized incremental amounts of $1.25 billion, $1.0 billion and $1.5 billion, respectively, for repurchases to bring the total authorized under the Share Repurchase Program to $5.75 billion. We expect to complete repurchases under the Share Repurchase Program by the end of 2025.
See Note 15 to the Financial Statements for more information concerning the Share Repurchase Program.
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