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
Our common stock is listed for trading on the New York Stock Exchange under the symbol "CRK". As of February 16, 2023, we had 277,510,165 shares of common stock outstanding, which were held by 162 holders of record. On November 1, 2022, we reinstated a quarterly cash dividend of 12.5¢ per share on our common stock commencing with the fourth quarter of 2022. We paid cash dividends on our common stock on December 15, 2022, resulting in total dividends paid of $34.7 million. We currently intend to continue to pay dividends to the holders of our common stock in the future. However, the declaration and payment of future dividends will be at the discretion of the board of directors and will depend upon the results of our operations, capital requirements, our financial condition and such other factors as our board of directors may deem relevant.
Stockholder Return Performance
The following graph compares the yearly percentage change in the cumulative total stockholder return on our common stock during the five years ended December 31, 2022 with the cumulative returns during the same period for the New York Stock Exchange Index and the SPDR Standard & Poor's ("S&P") Oil and Gas Exploration and Production ETF. The graph assumes that $100.00 was invested on the last trading day of 2017, and that dividends, if any, were reinvested.
COMPARISON OF 5 YEAR CUMULATIVE TOTAL RETURN (1)
Among Comstock, the NYSE Composite Index and the S&P Oil & Gas Exploration and Production ETF Index
As of December 31,
Total Return Analysis 2017 2018 2019 2020 2021 2022
Comstock $100.00 $53.55 $97.28 $51.65 $95.63 $163.16
NYSE Composite $100.00 $91.05 $114.28 $122.26 $147.54 $133.75
SPDR S&P Oil and Gas Exploration and Production ETF $100.00 $71.90 $65.11 $41.41 $69.05 $100.37
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(1) The data contained in the above graph is deemed to be furnished and not filed pursuant to Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section.
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COMSTOCK RESOURCES, INC.
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