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 INFORMATION
Our common stock is traded on the NASDAQ Global Select Market under the symbol "COLM."
HOLDERS
At February 11, 2022, we had 262 shareholders of record, although we have a much larger number of beneficial owners, whose shares of record are held by banks, brokers and other financial institutions
DIVIDENDS
Our current dividend policy is dependent on our earnings, capital requirements, financial condition, restrictions imposed by our credit agreements, and other factors considered relevant by our Board of Directors. Quarterly dividends on our common stock, when declared by our Board of Directors, are paid in March, May, August, and November.
Our Board of Directors approved a quarterly cash dividend of $0.30 per share, payable on March 21, 2022 to shareholders of record on March 11, 2022.
PERFORMANCE GRAPH
The line graph below compares the cumulative total shareholder return of our common stock with the cumulative total return of the Russell 1000 Index and Russell 1000 Textiles Apparel and Shoes Index for the period beginning December 31, 2016 and ending December 31, 2021. The graph and table assume that $100 was invested on December 31, 2016, and that any dividends were reinvested. Historical stock price performance should not be relied on as indicative of future stock price performance.
COLUMBIA SPORTSWEAR COMPANY | 2021 FORM 10-K | 20
Table of Contents
Total Return Analysis
Year Ended December 31,
2016 2017 2018 2019 2020 2021
Columbia Sportswear Company $ 100.00 $ 124.86 $ 147.61 $ 177.65 $ 155.49 $ 175.13
Russell 1000 Index $ 100.00 $ 121.69 $ 115.87 $ 152.28 $ 184.20 $ 232.93
Russell 1000 Textiles Apparel and Shoes Index $ 100.00 $ 123.55 $ 126.99 $ 174.11 $ 217.14 $ 240.70
ISSUER PURCHASES OF EQUITY SECURITIES
Since the inception of our share repurchase program in 2004 through December 31, 2021, our Board of Directors has authorized the repurchase of $1.5 billion of our common stock. Shares of our common stock may be purchased in the open market or through privately negotiated transactions, subject to market conditions, and generally settle subsequent to the trade date. The repurchase program does not obligate us to acquire any specific number of shares or to acquire shares over any specified period of time. Under this program as of December 31, 2021, we had repurchased 28.5 million shares at an aggregate purchase price of $1,183.7 million , and had $316.3 million remaining available.
The following is a summary of our common stock repurchases during the quarter ended December 31, 2021:
Period Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs
(in millions)
October 1, 2021 through October 31, 2021
313,779 $ 95.67 313,779 $ 325.0
November 1, 2021 through November 30, 2021
31,301 $ 102.70 31,301 $ 321.8
December 1, 2021 through December 31, 2021
56,246 $ 97.38 56,246 $ 316.3
Total 401,326 $ 96.46 401,326 $ 316.3
ITEM 6. [Reserved]
Part II, Item 6 of this Annual Report on Form 10-K is no longer required.