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 Information Shares of our common stock are publicly traded on the New York Stock Exchange under the symbol "GM".
Holders At January 17, 2023, we had 1.4 billion issued and outstanding shares of common stock held by 472 holders of record.
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GENERAL MOTORS COMPANY AND SUBSIDIARIES
Dividends In September 2022, our Board of Directors reinstated a quarterly dividend of $0.09 per share of our common stock. We anticipate that we will continue to declare and pay dividends on our common stock quarterly. However, the declaration of any dividend on our common stock is a matter to be acted upon by our Board of Directors in its sole discretion and will depend on various factors, including our financial condition, operating results, available cash, and current and anticipated cash needs, as described further in the "Liquidity and Capital Resources" section of the MD&A.
Stock Performance Graph The following graph compares the performance of our common stock to the Standard & Poor's 500 Stock Index and the Dow Jones Automobile & Parts Titans 30 Index for the last five years. It assumes $100 was invested o n December 31, 2017, with dividends being reinvested.
The following table summarizes stock performance graph data points in dollars:
Years ended December 31,
2017 2018 2019 2020 2021 2022
General Motors Company $ 100 $ 85 $ 97 $ 113 $ 159 $ 91
S&P 500 Stock Index $ 100 $ 96 $ 126 $ 149 $ 192 $ 157
Dow Jones Automobile & Parts Titans 30 Index $ 100 $ 79 $ 89 $ 135 $ 169 $ 115
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GENERAL MOTORS COMPANY AND SUBSIDIARIES
Purchases of Equity Securities The following table summarizes our purchases of common stock in the three months ended December 31, 2022:
Total Number of Shares Purchased(a)(b) Weighted Average Price Paid per Share(c) Total Number of Shares Purchased Under Announced Programs(b) Approximate Dollar Value of Shares That May Yet be Purchased Under Announced Programs
October 1, 2022 through October 31, 2022 313,425 $ 32.09 — $3.5 billion
November 1, 2022 through November 30, 2022 8,540,718 $ 39.71 8,540,718 $3.2 billion
December 1, 2022 through December 31, 2022 17,604,218 $ 37.57 17,591,600 $2.5 billion
Total 26,458,361 $ 38.20 26,132,318
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(a) Shares purchased include shares delivered by employees or directors to us for the payment of taxes resulting from issuance of common stock upon the vesting of Restricted Stock Units (RSUs) and Performance Stock Units (PSUs) relating to compensation plans. In June 2020, our shareholders approved the 2020 Long-Term Incentive Plan (LTIP), which authorizes awards of stock options, stock appreciation rights, RSUs, PSUs or other stock-based awards to selected employees, consultants, advisors and non-employee Directors of the Company. Refer to Note 22 to our consolidated financial statements for additional details on employee stock incentive plans.
(b) In January 2017, we announced that our Board of Directors had authorized the purchase of up to $5.0 billion of our common stock with no expiration date. In August 2022, the Board of Directors increased the capacity to $5.0 billion from the $3.3 billion that remained as of June 30, 2022, with no expiration date.
(c) The weighted-average price paid per share excludes broker commissions.
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Item 6. [Reserved]
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