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
The Company’s Cla ss A common stock is traded on the New York Stock Exchange under the symbol EPAC. As of September 30, 2022, there were 934 shareh olders of record of the Company's Class A common stock.
Dividends
In fiscal 2022, the Company declared a dividend of $0.04 per share of Class A common stock payable on October 17, 2022 to shareholders of record on October 7, 2022. In fiscal 2021, the Company declared a dividend of $0.04 per share of Class A common stock payable on October 18, 2021 to shareholders of record on October 1, 2021.
Share Repurchases
The Company's Board of Directors has authorized the repurchase of shares of the Company's common stock under publicly announced share repurchase programs. Since the inception of the initial share repurchase program in fiscal 2012, the Company has repurchased 26,558,965 shares of common stock for $743 million. In March 2022, the Company's Board of Directors rescinded its prior share repurchase authorization and approved a new share repurchase program authorizing the repurchase of a total of 10,000,000 shares of the Company's outstanding common stock. As of August 31, 2022, the maximum number of shares that may yet be purchased under this authorization is 6,240,265 shares. The following table summarizes share repurchases during the fourth quarter of fiscal 2022, all of which were purchased under publicly announced share repurchase programs.
Period Shares Repurchased Average Price Paid per Share Maximum Number of Shares That May Yet Be Purchased Under the Program
June 1 to June 30, 2022 689,768 $ 19.94 7,555,157
July 1 to July 31, 2022 1,314,892 19.01 6,240,265
August 1 to August 31, 2022 — — 6,240,265
2,004,660 $ 19.36
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Performance Graph:
The graph and table b elow compare the cumulative 5-year total return of the Company's common stock with the cumulative total returns of the Russell 2000 Index and the S&P 600 Industrial Index. They assume that the value of the investment in our common stock for the last trading day of each fiscal year, in each index, and in the peer group (in each case, including reinvestment of dividends) was $100 on August 31, 2017 and tracks it through August 31, 2022.
*$100 Invested on 8/31/17 in stock or index, including reinvestment of dividends.
Fiscal year ending August 31.
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Copyright© 2022 Russell Investment Group. All rights reserved.
8/17 8/18 8/19 8/20 8/21 8/22
Enerpac Tool Group Corp. $ 100.00 $ 122.64 $ 92.63 $ 86.90 $ 105.35 $ 81.39
Russell 2000 Index 100.00 125.45 109.27 115.85 170.40 139.92
S&P 600 Industrial Index 100.00 137.90 118.75 123.44 178.72 165.78
The stock price performance included in this graph is not necessarily indicative of future stock price performance.
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Item 6. Reserved