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
Our common stock is listed on the New York Stock Exchange (“NYSE”) under the symbol “OEC”.
As of February 14, 2022, there were approximately 10 record holders of our common stock.
During the fiscal year ended December 31, 2021, we did not sell any equity securities that were not registered under the Securities Act.
From time to time, we may repurchase our common stock in the open market pursuant to programs approved by our Board. During the fiscal years ended December 31, 2021 and 2020, we did not repurchase shares of our common stock.
The information required by Item 201(d) of Regulation S-K is incorporated by reference to the Proxy Statement (as defined in Item 10 below) under the heading “ Equity Compensation Plan Information at December 31, 2021 .”
Dividend Policy
In accordance with the Luxembourg Company Law, the general meeting of shareholders has the power to make a resolution on the payment of dividends upon the recommendation of the Board of Directors. In deciding whether to recommend any future dividend, the Board of Directors would take into account any legal or contractual limitation, our actual and anticipated future earnings, cash flows, debt service and capital requirements, our business plans and such other matters as the Board of Directors believes appropriate, in its discretion. Generally, any dividend approved by a general meeting of shareholders would be paid out shortly after the meeting.
Luxembourg withholding tax at a rate of 15% is deducted from dividend payments, subject to certain exemptions and reductions in certain circumstances.
On October 29, 2021, our board of directors declared an interim dividend in the aggregate amount of $1.25 million, which is equivalent to approximately $0.0207 per common stock. The interim dividend was paid on January 12, 2022, to holders of record as of the close of business on January 5, 2022.
There can be no assurance that any dividends or distributions will be declared or paid in the future.
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Orion Engineered Carbons S.A
Performance Graph
The performance graph and the information contained in this section is not “soliciting material,” is being furnished, not filed, with the SEC and is not to be incorporated by reference into any of our filings under the Securities Act or the Exchange Act whether made before or after the date hereof and irrespective of any general incorporation language contained in such filing.
The graph below matches the cumulative 5-year total return of holders of Orion Engineered Carbons LLC's common stock with the cumulative total returns of the S&P Smallcap 600 index and S&P Small Cap Chemicals index. The graph assumes that the value of the investment in our common stock, in each index, and in the peer group (including reinvestment of dividends) was $100 on 12/31/2016 and tracks it through 12/31/2021.
2016 2017 2018 2019 2020 2021
Orion Engineered Carbons LLC $ 100.00 $ 140.73 $ 142.86 $ 113.67 $ 102.76 $ 110.07
S&P Smallcap 600 100.00 113.23 103.63 127.24 141.60 179.58
S&P Small Cap Chemicals Index 100.00 118.60 92.29 100.41 122.41 150.69
The stock price performance included in this graph is not necessarily indicative of future stock price performance.
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Orion Engineered Carbons S.A