Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
+Added: Market and Stockholders
Our common stock trades on the NASDAQ Global Select Market under the symbol "PRGS".
As of December 31, 2020, our common stock was held by approximately 145 stockholders of record.
−Removed: In fiscal years 2019 and 2018 , we repurchased and retired 0.7 million shares of our common stock for $25.0 million and 2.9 million shares of our common stock for $120.0 million , respectively.
−Removed: In connection with the acquisition of Ipswitch in April 2019, we suspended our stock repurchase program for the remainder of fiscal 2019.
−Removed: We expect to resume share repurchases in fiscal 2020, at a level consistent with our publicly stated capital allocation policy.
+Added: Because many of our shares of common stock are held by brokers and other institutions on behalf of stockholders, we are unable to estimate the total number of stockholders represented by these record holders.
+Added: Stock Repurchases and Dividends
+Added: Repurchases of our common stock by month in the fourth quarter of fiscal year 2020 were as follows:
+Added: Period Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Approximate Dollar Value of Shares that May Yet be Purchased Under the Plans or Programs
+Added: September 1, 2020 - September 30, 2020 — $ — — $ 230,000,000
+Added: October 1, 2020 - October 31, 2020 513,116 38.96 513,116 210,000,000
+Added: November 1, 2020 - November 30, 2020 506,881 39.44 506,881 190,000,000
+Added: Total 1,019,997 $ 39.20 1,019,997 $ 190,000,000
The timing and amount of any shares repurchased will be determined by management based on its evaluation of market conditions and other factors, and the Board of Directors may choose to suspend, expand or discontinue the repurchase program at any time.
−Removed: As of November 30, 2019 , there was $75.0 million remaining under the share repurchase authorization.
In January 2020, our Board of Directors increased the total share repurchase authorization to $250.0 million.
−Removed: Stock Repurchases
−Removed: Information related to the repurchases of our common stock by month in the fourth quarter of fiscal year 2019 is as follows (in thousands, except per share and share data):
−Removed: Total Number of Shares Purchased
−Removed: Average Price Paid per Share
−Removed: Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs
−Removed: Approximate Dollar Value of Shares that May Yet be Purchased Under the Plans or Programs (1)
−Removed: September 2019
−Removed: November 2019
−Removed: As of November 30, 2019, there was $75.0 million remaining under the current authorization of $250.0 million.
−Removed: In January 2020, our Board of Directors increased the total share repurchase authorization from $75.0 million to $250.0 million.
+Added: As of November 30, 2020, there was $190.0 million remaining under the share repurchase authorization.
+Added: We have declared aggregate per share quarterly cash dividends totaling $0.670, $0.630 and $0.575 for the years ended November 30, 2020, November 30, 2019 and November 30, 2018, respectively.
+Added: We paid aggregate cash dividends totaling $29.9 million, $27.8 million and $25.8 million for the years ended November 30, 2020, November 30, 2019 and November 30, 2018, respectively.
+Added: We expect to continue paying quarterly cash dividends in subsequent quarters consistent with our capital allocation strategy.
Stock Performance Graph and Cumulative Total Return
4 unchanged sentences
(1) $100 invested on November 30, 2015 in stock or index, including reinvestment of dividends.
+Added: November 30, 2015 2016 2017 2018 2019 2020
Progress Software Corporation $ 100.00 $ 123.26 $ 172.32 $ 146.56 $ 171.45 $ 167.15
7 unchanged sentences
As Reported (1)
−Removed: As Reported (1)
+Added: Revenue $ 442,150 $ 413,298 $ 378,981 $ 389,154 $ 405,341
Income (loss) from operations 107,728 40,084 67,814 57,490 (29,709)
4 unchanged sentences
Cash, cash equivalents and short-term investments 105,995 173,685 139,513 183,609 249,754
+Added: Total assets 1,041,782 881,271 644,150 718,718 754,827
Long-term debt, net, including current portion 382,502 294,719 116,089 121,909 135,000
2 unchanged sentences
As a result, we have adjusted balances for 2018 and 2017.
−Removed: We have not adjusted 2016 and 2015 for ASC 606.
+Added: We have not adjusted 2016for ASC 606.
Nature of Business and Summary of Significant Accounting Policies for further information.
1 unchanged sentence
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.