Forestar Group Inc. 10-K

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 NYSE under the trading symbol "FOR." As of November 10, 2022, the closing price of our common stock on the NYSE was $13.45, and there were approximately 1,076 holders of record. Dividend Policy We currently intend to retain any future earnings to support our business. The declaration and payment of any future dividends will be at the discretion of our Board of Directors after taking into account various factors, including without limitation, our financial condition, earnings, capital requirements of our business, the terms of any credit agreements or indentures to which we may be a party at the time, legal requirements, industry practice and other factors that our Board of Directors deems relevant. 24 Table of Contents Stock Performance Graph The following graph illustrates the cumulative total stockholder return of an initial investment of $100 on December 31, 2017 in Forestar common stock for the period from December 31, 2017 through September 30, 2022 compared to the same investment in the Russell 2000 Index and our peer group. The companies included in our peer group are M.D.C. Holdings, Inc.; Tri Pointe Homes, Inc.; Century Communities, Inc.; Beazer Homes USA, Inc.; Five Point Holdings, LLC (Class A); The Howard Hughes Corporation; The St. Joe Company; Masonite International Corporation; and PGT Innovations, Inc. These companies were selected based on their industries, similar market capitalization and business model. Pursuant to SEC rules, returns of each of the companies in the peer groups are weighted according to the respective company’s stock market capitalization at the beginning of each period for which a return is indicated. Shareholder returns over the indicated period are based on historical data and should not be considered indicative of future shareholder returns. The graph and related disclosure in no way reflect our forecast of future financial performance. December 31, September 30, 2017 2018 2019 2020 2021 2022 Forestar Group Inc. $ 100.00 $ 96.36 $ 83.09 $ 80.45 $ 84.68 $ 50.86 Russell 2000 100.00 111.51 101.60 101.99 150.62 115.23 Peer Group 100.00 87.62 96.18 90.03 119.11 81.68 This performance graph shall not be deemed to be incorporated by reference into our SEC filings and should not constitute soliciting material or otherwise be considered filed under the Securities Act of 1933, as amended (Securities Act) or the Exchange Act. 25 Table of Contents Item 6. [Reserved]