4 unchanged sentences
Dividend Policy
−Removed: Our current policy is to pay quarterly cash dividends on our common stock of $0.11 per share.
−Removed: We paid cash for dividends of $10.0 million each in 2020 and 2019, respectively.
−Removed: Dividends are paid when, as and if declared at the discretion of our Board of Directors (the "Board") from funds legally available for that purpose.
+Added: We paid quarterly dividends of $0.11 per common share to shareholders in the first, second and third quarters of 2021 and the first, second, third and fourth quarters 2020.
+Added: Our Board of Directors ("Board") increased the dividend payment $0.01 to a total of $0.12 per common share to shareholders for the fourth quarter of 2021.
+Added: We paid cash of $10.2 million and $10.0 million for dividends in 2021 and 2020, respectively.
+Added: Dividends are paid when, as and if declared at the discretion of our Board from funds legally available for that purpose.
While our Board currently expects to continue regular quarterly cash dividends, the declaration and amount of future cash dividends are subject to the Board's sole discretion and their periodic review of our dividend policy and will depend upon our earnings, financial condition, liquidity needs, business plans and opportunities and other factors in making and setting dividend policy.
4 unchanged sentences
Performance Graph
−Removed: The following stock performance graph is intended to show our stock performance compared with that of comparable companies.
−Removed: The stock performance graph compares the cumulative five-year total return provided shareholders on Astec Industries, Inc.'s common stock relative to the cumulative total returns of the Russell 2000 index and our peer group representative of our definitive Proxy peer group, which includes:
−Removed: ALG, AIMC, CIR, CMCO, CVGI, EPAC, NPO, FSS, GBX, LNN, MTW, NDSN, SHYF, SPXC, SXI, TTC and WNC ("Peer Group").
−Removed: We revised our comparative index and peer group for 2020 to reflect more comparable data.
−Removed: The Russell 2000 Index is a widely used small market capitalization index.
−Removed: In addition, we believe our definitive Proxy peer group reflects industrial manufacturing companies of comparable size and complexity.
−Removed: We have also presented the comparative index, NYSE/AMEX/NASDAQ Market (US Companies), and peer group, NYSE/AMEX/NASDAQ Stocks (SIC 3530-3537 US Comp) Construction, Mining, and Materials Handling Machinery and Equipment ("Previous Peer Group"), utilized in December 31, 2019.
−Removed: The graph assumes that the value of an investment in our common stock, in each index and in each of the peer groups was $100 on December 31, 2015 and assumes reinvestment of all dividends as well as the relative performance of each through December 31, 2020.
+Added: The stock performance graph below compares the cumulative five-year total return provided to shareholders of Astec Industries, Inc.'s common stock relative to the cumulative total returns of the Russell 2000 index, our updated peer group ("2021 Peer Group") and our previous per group ("2020 Peer Group").
+Added: The companies included in the 2021 Peer Group and the 2020 Peer Group are representative of our definitive Proxy peer group, which we believe reflects industrial manufacturing companies of comparable size and complexity for the corresponding period and are reviewed annually and revised as necessary.
+Added: The ticker symbol of the companies included in our each of our peer groups are as follows:
+Added: 2021 Peer Group:
+Added: ALG, AIMC, B, GTLS, CIR, CMCO, CVGI, EPAC, NPO, FSS, GBX, HY, JBT, LNN, MTW, MWA, SHYF, SPXC, SXI and WNC
+Added: 2020 Peer Group:
+Added: ALG, AIMC, CIR, CMCO, CVGI, EPAC, NPO, FSS, GBX, LNN, MTW, NDSN, SHYF, SPXC, SXI, TTC and WNC
+Added: The graph assumes that the value of an investment in our common stock, in the Russell 2000 index, in the 2021 Peer Group and in the 2020 Peer Group was $100 on December 31, 2016 and assumes reinvestment of all dividends as well as the relative performance of each through December 31, 2021.
(in dollars) 2016 2017 2018 2019 2020 2021
3 unchanged sentences
2021 Peer Group 100.00 126.84 94.70 124.42 140.77 166.01
−Removed: NYSE/AMEX/NASDAQ Market (US Companies) ¹ 100.00 113.38 137.52 130.56 169.64 207.18
−Removed: NYSE/AMEX/NASDAQ Stocks (SIC 3530-3537 US Comp) Construction, Mining, and Materials Handling Machinery and Equipment ¹ 100.00 136.07 176.65 133.64 161.79 169.50
−Removed: 1 Prepared by Zacks Investment Research, Inc.
−Removed: Used with permission.
−Removed: All rights reserved Copyright 1980-2020.
+Added: 2020 Peer Group 100.00 127.07 97.01 134.43 158.87 186.45
SELECTED FINANCIAL DATA
−Removed: This item is no longer required as we have elected to early adopt the changes to Item 301 of Regulation S-K contained in SEC Release No.
+Added: Not applicable.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.