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
The Market for Our Common Stock
Our Company’s common stock, $.001
par value per share, is traded on The Nasdaq Global Select Market under the symbol “IPAR”. The following table sets
forth in dollars, the range of high and low closing prices for the past two fiscal years for our common stock.
Fiscal 2022
High Closing Price
Low Closing Price
Fourth Quarter
99.35
74.26
Third Quarter
86.78
70.02
Second Quarter
89.45
64.74
First Quarter
106.82
80.22
Fiscal 2021
High Closing Price
Low Closing Price
Fourth Quarter
106.90
75.89
Third Quarter
79.42
67.55
Second Quarter
77.95
69.96
First Quarter
76.75
59.17
As of February 8, 2023, the number of record
holders, which include brokers and broker nominees, etc., of our common stock was 28. We believe there are approximately 32,436
beneficial owners of our common stock.
Corporate Performance Graph
The following graph compares the performance
for the periods indicated in the graph of our common stock with the performance of the Nasdaq Market Index and the average performance
of a group of the Company’s peer corporations consisting of: CCA Industries, Inc., Colgate-Palmolive Co., Estée Lauder
Companies, Inc., Inter Parfums, Inc., Kimberly Clark Corp., Natural Health Trends Corp., Procter & Gamble Co., Stephan Co.,
Summer Infant, Inc. and United Guardian, Inc. The graph assumes that the value of the investment in our common stock and each index
was $100 at the beginning of the period indicated in the graph, and that all dividends were reinvested.
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COMPARISON OF 5 YEAR CUMULATIVE TOTAL
RETURN*
Among Inter Parfums, Inc., the NASDAQ Composite Index,
and a Peer Group
*$100 invested on 12/31/17 in stock or index, including reinvestment
of dividends. Fiscal year ending December 31.
Below is the list of the data points for
each year that corresponds to the lines on the above graph.
12/17
12/18
12/19
12/20
12/21
12/22
Inter Parfums, Inc.
100.00
153.33
172.84
144.75
259.11
239.94
NASDAQ Composite
100.00
97.16
132.81
192.47
235.15
158.65
Peer Group
100.00
99.33
136.46
159.01
192.02
171.79
Dividends
In April 2020, as a result of the uncertainties
raised by the COVID-19 pandemic, the Board of Directors authorized a temporary suspension of the annual cash dividend. In February
2021, the Board of Directors authorized a reinstatement of an annual dividend of $1.00, payable quarterly. In February 2022, the
Board of Directors authorized a 100% increase in the annual dividend to $2.00 per share. Just recently, in February 2023 the Board
of Directors further increased the annual dividend to $2.50 per share. The next quarterly cash dividend of $0.625 per share is
payable on March 31, 2023 to shareholders of record on March 15, 2023.
Item 6. [RESERVED]
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Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.