filings.toolsItem 5. Market for the Registrant’s Common Stock, Related Stockholder Matters and Issuer Purchases of Equity Securities.
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Item 5. Market for the Registrant’s Common Stock, Related Stockholder Matters and Issuer Purchases of Equity Securities.
The Company’s Common Stock trades under the symbol YUM and is listed on the New York Stock Exchange ("NYSE"). The following sets forth the dividends per common share declared by quarter for the Company’s Common Stock.
| Quarter | 2018 | 2017 | ||||||
| First | $ | 0.36 | $ | 0.30 | ||||
| Second | 0.36 | 0.30 | ||||||
| Third | 0.36 | — | ||||||
| Fourth | 0.36 | 0.30 |
In 2018, the Company paid four cash dividends of $0.36 per share. In 2017, the Company paid four cash dividends of $0.30 per share. This included a dividend distributed February 3, 2017, that had been declared on December 21, 2016. Over the long term, the Company targets an annual dividend payout ratio of 45% to 50% of Net Income, before Special Items.
As of February 13, 2019, there were 43,458 registered holders of record of the Company’s Common Stock.
Issuer Purchases of Equity Securities
The following table provides information as of December 31, 2018, with respect to shares of Common Stock repurchased by the Company during the quarter then ended.
| Fiscal Periods | Total number of shares purchased (thousands) | Average price paid per share | Total number of shares purchased as part of publicly announced plans or programs (thousands) | Approximate dollar value of shares that may yet be purchased under the plans or programs (millions) | ||||||||
| 10/1/18 - 10/31/18 | 1,249 | $ | 89.12 | 1,249 | $ | 1,691 | ||||||
| 11/1/18- 11/30/18 | 1,478 | $ | 89.44 | 1,478 | $ | 1,559 | ||||||
| 12/1/18 - 12/31/18 | 5,032 | $ | 90.01 | 5,032 | $ | 1,106 | ||||||
| Total | 7,759 | 7,759 | $ | 1,106 |
On August 10, 2018, our Board of Directors authorized share repurchases through December 2019 of up to $2 billion (excluding applicable transaction fees) of our outstanding Common Stock. As of December 31, 2018, we have remaining capacity to repurchase up to $1.1 billion of Common Stock under this authorization.
Stock Performance Graph
This graph compares the cumulative total return of our Common Stock to the cumulative total return of the S&P 500 Index and the S&P 500 Consumer Discretionary Sector Index, a peer group that includes YUM, for the period from December 31, 2013 to December 31, 2018. The graph assumes that the value of the investment in our Common Stock and each index was $100 at December 31, 2013 and that all cash dividends were reinvested.
| 12/31/2013 | 12/31/2014 | 12/31/2015 | 12/30/2016 | 12/29/2017 | 12/31/2018 | |||||||||||||||||||
| YUM | $ | 100 | $ | 98 | $ | 101 | $ | 124 | $ | 163 | $ | 187 | ||||||||||||
| S&P 500 | $ | 100 | $ | 114 | $ | 115 | $ | 129 | $ | 157 | $ | 150 | ||||||||||||
| S&P Consumer Discretionary | $ | 100 | $ | 110 | $ | 121 | $ | 128 | $ | 157 | $ | 159 |
Source of total return data: Bloomberg
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