Item 5. Market for Registrant’s Common Equity
Item 5. Market for Registrant’s Common Equity, Related Shareholder Matters and Issuer Purchases of Equity Securities
Our common stock is traded on the New York Stock Exchange under the symbol “BDC.” As of February 11, 2021, there were 235 rec ord holders of common stock of Belden Inc.
On November 29, 2018, our Board of Directors authorized a share repurchase program, which allowed us to purchase up to $300.0 million of our common stock through open market repurchases, negotiated transactions, or other means, in accordance with applicable securities laws and other restrictions. This program was funded with cash on hand and cash flows from operating activities. During 2020, we repurchased 1.0 million shares of our common stock under the share repurchase program for an aggregate cost of $35.0 million at an average price per s hare of $35.83. Since the inception of this program, we have repurchased a total of 1.9 million shares of our common stock under the program for an aggregate cost of $85.0 million and an average price per share of $45.54.
Stock Performance Graph
The following graph compares the cumulative total shareholder return on Belden’s common stock over the five-year period ended December 31, 2020, with the cumulative total return during such period of the Standard and Poor’s 500 Stock Index and the Standard and Poor’s 1500 Industrials Index. The comparison assumes $100 was invested on December 31, 2015, in Belden’s common stock and in each of the foregoing indices and assumes reinvestment of dividends. The stock performance shown on the graph below represents historical stock performance and is not necessarily indicative of future stock price performance.
(1) The chart above and the accompanying data are “furnished,” not “filed,” with the SEC.
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Total Return To Shareholders
(Includes reinvestment of dividends)
ANNUAL RETURN PERCENTAGE
Years Ended December 31,
Company Name / Index 2016 2017 2018 2019 2020
Belden Inc. 57.3 % 3.5 % (45.7) % 32.1 % (23.4) %
S&P 500 Index 12.0 % 21.8 % (4.4) % 31.5 % 18.4 %
S&P 1500 Industrials Index 20.4 % 21.1 % (13.4) % 29.8 % 11.7 %
INDEXED RETURNS
Years Ended December 31,
Company Name / Index Base Period
2015 2016 2017 2018 2019 2020
Belden Inc. $ 100.00 $ 157.30 $ 162.78 $ 88.39 $ 116.81 $ 89.48
S&P 500 Index 100.00 111.96 136.40 130.42 171.49 203.04
S&P 1500 Industrials Index 100.00 120.41 145.77 126.27 163.90 183.06
Item 6. Selected Financial Data
Not applicable.
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Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.