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 for Registrant's Common Equity and Related Stockholder Matters
The company's common stock is listed on the New York Stock Exchange, Inc. (symbol: CTVA). The number of record holders of common stock was approximately 76,000 at January 31, 2022.
During 2021 and 2020, the company paid four quarterly dividends on its common stock. See the below table for dividend information for each quarter during 2021 and 2020.
2021 2020
Fourth Quarter $ 0.14 $ 0.13
Third Quarter $ 0.14 $ 0.13
Second Quarter $ 0.13 $ 0.13
First Quarter $ 0.13 $ 0.13
Total $ 0.54 $ 0.52
See Part III, Item 11. Executive Compensation for information relating to the company’s equity compensation plans.
Issuer Purchases of Equity Securities
The following table summarizes information with respect to the company's purchase of its common stock during the three months ended December 31, 2021:
Month Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Purchased as Part of the Company's Publicly Announced Share Buyback Program 1
Approximate Value of Shares that May Yet Be Purchased Under the Program 1
(Dollars in millions)
October 2021 1,461,297 $ 42.91 1,461,297 $ 1,387
November 2021 1,484,410 46.68 1,484,410 1,318
December 2021 1,458,668 46.62 1,458,668 1,250
Fourth quarter 2021 4,404,375 $ 45.41 4,404,375 $ 1,250
1 On August 5, 2021, Corteva, Inc. announced that its Board of Directors authorized a $1.5 billion share repurchase program to purchase Corteva, Inc.'s common stock, par value $0.01 per share, without an expiration date. The timing, price and volume of purchases will be based on market conditions, relevant securities laws and other factors.
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ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES, continued
Stock Performance Graph
The following graph illustrates the cumulative total return to Corteva stockholders following the completion of the Separation and beginning as of the closing price of its first NYSE listing date, June 3, 2019. The Chart compares the cumulative total return of Corteva’ s common stock with the S&P 500 Stock Index and the S&P 500 Chemicals Index.
6/3/2019 12/31/2019 12/31/2020 12/31/2021
Corteva $ 100 $ 120 $ 161 $ 198
S&P 500 Index 100 119 141 181
S&P 500 Chemicals Index 100 112 129 160
The chart depicts a hypothetical $100 investment in each of the Corteva common stock, the S&P 500 Index and the S&P 500 Chemicals Index as of the closing price on June 3, 2019 and illustrates the value of each investment over time (assuming the reinvestment of dividends) until December 31, 2021.
ITEM 6. [RESERVED]
Not applicable.
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Part II