Item 5. Market for Registrant’s Common Equity
Item 5. Market for the Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.
(a) The Company’s common stock trades on The Nasdaq Global Select Market ® under the symbol GNTX. As of February 1, 2021, there were 2,095 record-holders of the Company’s common stock and restricted stock.
See Item 12 of Part III with respect to "Equity Compensation Plan Information", which is incorporated herein by reference.
Stock Performance Graph: The following graph depicts the cumulative total return on the Company’s common stock compared to the cumulative total return on the Nasdaq Composite Index (all U.S. companies) and the Dow Jones U.S. Auto Parts Index (excluding tire and rubber makers). The graph assumes an investment of $100 on the last trading day of 2015 and reinvestment of dividends in all cases.
In March 2020, the Company's Board of Directors approved a continuing resolution to pay a quarterly dividend at an increased rate of $0.120 per share until the board takes other action with respect to the payment of dividends. The Company intends to continue to pay a quarterly cash dividend and will consider future dividend rate adjustments based on the Company’s financial condition, profitability, cash flow, liquidity and other relevant business factors.
(b) Not applicable.
(c) The Company has in place and has announced a share repurchase plan. As previously disclosed, the Company may purchase authorized shares of its common stock under the plan based on a number of factors, including: market, economic, and industry conditions; the market price of the Company's common stock; anti-
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dilutive effect on earnings; available cash; and other factors that the Company deems appropriate. The plan does not have an expiration date, but the Board of Directors reviews such plan periodically.
The following is a summary of share repurchase activity during 2020:
Issuer Purchase of Equity Securities
Period Total Number of Shares Purchased Average Price Paid Per Share Total Number of Shares Purchased As Part of a Publicly Announced Plan* Maximum Number of Shares That May Yet Be Purchased Under the Plan*
January 2020 — $ — — 20,065,319
February 2020 1,945,036 29.40 1,945,036 18,120,283
March 2020 5,073,996 23.97 5,073,996 13,046,287
April 2020 — — — 13,046,287
May 2020 — — — 13,046,287
June 2020 — — — 13,046,287
July 2020 125,110 27.07 125,110 12,921,177
August 2020 525,295 27.38 525,295 12,395,882
September 2020 525,351 26.44 525,351 11,870,531
October 2020 400,230 28.04 400,230 11,470,301
November 2020 1,000,477 31.52 1,000,477 10,469,824
December 2020 1,050,558 33.55 1,050,558 9,419,266
Total 10,646,053 10,646,053
* See above paragraph with respect to the publicly announced share repurchase plan
Item 6. Selected Financial Data.
(dollars in thousands, except per share data)
2020 2019 2018 2017 2016
Net Sales $ 1,688,189 $1,858,897 $1,834,064 $1,794,873 $1,678,925
Net Income 347,564 424,684 437,883 406,792 347,591
Earnings Per Share (Fully Diluted) $ 1.41 $ 1.66 $ 1.62 $ 1.41 $ 1.19
Gross Profit Margin 35.9 % 37.0 % 37.6 % 38.7 % 39.8 %
Cash Dividends per Common Share $ 0.480 $ 0.460 $ 0.440 $ 0.390 $ 0.355
Total Assets $ 2,197,941 $ 2,168,803 $ 2,085,434 $ 2,352,054 $ 2,309,620
Long-Term Debt Outstanding at Year End $ — $ — $ — $ — $ 178,125
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