Item 5. Market for Registrant’s Common Equity
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Market for Common Stock
Our common stock is listed on the Nasdaq Stock Market under the symbol “ACT.” As of February 22, 2022, we had 7 registered holders of record of our common stock.
Issuer Purchases of Equity Securities
We did not purchase any of our common stock during 2021.
Stock Performance Graph
The graph below compares the cumulative total stockholder return of an investment in (i) our common shares, (ii) the Russell 2000 Index, (iii) the S&P 500 and (iv) a composite peer group consisting of Essent Group Ltd., MGIC Investment Corporation, NMI Holdings, Inc., Arch Capital Group Ltd and Radian Group Inc, for the period from September 16, 2021 (the date our common shares commenced trading on the Nasdaq Stock Market) through December 31, 2021. We selected the members of this peer group because each is a competitor of ours in the private mortgage insurance industry.
9/16/21 9/30/21 10/31/21 11/30/21 12/31/21
Enact Holdings, Inc. $ 100.00 $115.42 $120.95 $115.81 $115.33
Russell 2000 $ 100.00 $98.72 $102.88 $98.48 $100.56
S&P 500 $ 100.00 $96.28 $102.94 $102.08 $106.54
Peer Group $ 100.00 $100.55 $108.37 $94.85 $101.89
80
Dividends
On November 15, 2021, the Board of Directors of Enact Holdings, Inc. (the "Company") announced a special cash dividend of $200 million, or $1.23 per share, to the Company's stockholders, payable on December 15, 2021. While the Company does not currently maintain a formal dividend policy, we intend to develop one and initiate a regular common dividend during 2022. See “Item 7—Management’s Discussion and Analysis of Financial Condition and Results of Operations” for additional information on dividends.
Item 6. [Reserved]
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