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 listed on the New York Stock Exchange under the symbol "CTS." On February 22, 2022, there were approximately 894 shareholders of record.
(a)
Total Number
of Shares
Purchased
(b)
Average Price
Paid per
Share
(c)
Total Number
of Shares
Purchased as
Part of
Publicly
Announced
Programs
(d)
Maximum
Value of
Shares That
May Yet Be
Purchased
Under the
Plans or
Programs
October 1, 2021 – October 31, 2021
88,000
$
31.63
88,000
$
42,278
November 1, 2021 – November 30, 2021
2,942
$
35.00
2,942
$
42,175
December 1, 2021 – December 31, 2021
27,745
$
34.61
27,745
$
41,214
Total
118,687
$
32.41
118,687
On May 13, 2021, the Board of Directors authorized a stock repurchase program with a maximum dollar limit of $50 million. This program authorizes us to make repurchases of our common stock from time to time on the open market, including pursuant to Rule 10b5-1 plans, but does not obligate us to make repurchases, and it has no expiration date. Approximately $41,214 is still available for future purchases under this program.
Shareholder Performance Graph
The following graph shows a five-year comparison of the cumulative total shareholder return on CTS common stock with the cumulative total returns of a general market index and a peer group index (Russell 2000 Index and Dow Jones Electrical Components & Equipment Industry Group). The graph tracks the performance of a $100 investment in the Company's common stock and in each of the indexes (with the reinvestment of all dividends) on December 31, 2016.
Item 6. Reserved
CTS CORPORATION 18
Table of Contents
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