MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
−Removed: Effective September 21, 2020, our common stock was listed and began trading on Nasdaq's Global Select Market under the ticker symbol "KDP".
−Removed: From July 9, 2018, through September 18, 2020, our common stock was listed and traded on the NYSE under the ticker symbol "KDP".
−Removed: Prior to the closing of the DPS Merger, our common stock was listed and traded on the NYSE under the ticker symbol "DPS".
+Added: Our common stock is listed on Nasdaq's Global Select Market under the ticker symbol "KDP".
As of December 31, 2023, there were 8,315 stock holders of record of our common stock.
KDP's Board has declared a regular quarterly cash dividend and expects to continue to pay such dividends on a quarterly basis.
+Added: Information on securities authorized for issuance under our equity compensation plans has been omitted and will be incorporated by reference, when filed, from our Proxy Statement.
+Added: COMPARISON OF TOTAL STOCKHOLDER RETURN
+Added: The following performance graph compares the cumulative total returns of KDP for a five-year period with the cumulative total returns of the S&P 500 Index and the S&P Food and Beverage Select Industry Index.
+Added: We believe that these indices convey an accurate assessment of our performance as compared to the industry.
+Added: The graph assumes that $100 was invested on December 31, 2018, with dividends reinvested quarterly.
ISSUER REPURCHASES OF EQUITY SECURITIES
−Removed: On October 1, 2021, our Board of Directors authorized a share repurchase program of up to $4 billion of our outstanding common stock, potentially enabling us to return value to shareholders.
+Added: On October 1, 2021, our Board authorized a share repurchase program of up to $4 billion of our outstanding common stock, potentially enabling us to return value to shareholders.
The $4 billion authorization is effective for four years, beginning on January 1, 2022 and expiring on December 31, 2025, and does not require the purchase of any minimum number of shares.
−Removed: There were no share repurchase programs in effect during the years ended December 31, 2021 and 2020.
The following table summarizes shares repurchased by us under this program during the fourth quarter of 2023:
−Removed: Period Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Program Maximum Amount of Dollars that May Yet be Used to Purchase Shares Under the Program (in millions)
+Added: Period Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Program Maximum Amount of Dollars that May Yet be Used to Purchase Shares Under the Program
October 1 to October 31 2,000,000 $ 29.95 2,000,000 $ 3,103,859,210
2 unchanged sentences
Total 8,131,698 $ 30.57 8,131,698 $ 2,915,165,022
−Removed: COMPARISON OF TOTAL STOCKHOLDER RETURN
−Removed: The following performance graph compares the cumulative total returns of DPS through July 9, 2018 and KDP from July 10, 2018 through December 31, 2022 with the cumulative total returns of the S&P 500 Index and the S&P Food and Beverage Select Industry Index.
−Removed: We believe that these indices convey an accurate assessment of our performance as compared to the industry.
−Removed: The graph assumes that $100 was invested on December 31, 2017, with dividends reinvested quarterly.
−Removed: The graph additionally assumes that a special cash dividend of $103.75 which was declared and paid as a result of the DPS Merger was reinvested in KDP once shares resumed trading on July 10, 2018.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.