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
Market and Stockholders
Our common stock trades on the NASDAQ Global Select Market under the symbol PRGS.
As of December 31, 2021, our common stock was held by approximately 133 stockholders of record. 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.
Stock Repurchases and Dividends
Repurchases of our common stock by month in the fourth quarter of fiscal year 2021 were as follows:
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
September 2021 — $ — — $ 155,000
October 2021 — — — 155,000
November 2021 — — — 155,000
Total — $ — — $ 155,000
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. In January 2020, our Board of Directors increased the total share repurchase authorization to $250.0 million. As of November 30, 2021, there was $155.0 million remaining under this share repurchase authorization.
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We have declared aggregate per share quarterly cash dividends totaling $0.700, $0.670 and $0.630 for the years ended November 30, 2021, November 30, 2020 and November 30, 2019, respectively. We paid aggregate cash dividends totaling $31.6 million, $29.9 million and $27.8 million for the years ended November 30, 2021, November 30, 2020 and November 30, 2019, respectively. Our Board of Directors may choose to suspend, decrease, or discontinue utilizing dividends as part of our capital allocation strategy at any time, particularly, if doing so, may advance our accretive M&A strategy.
Stock Performance Graph and Cumulative Total Return
The graph below compares the cumulative total stockholder return on our common stock with the cumulative total return on the NASDAQ Composite Index and the NASDAQ Computer Index for each of the last five fiscal years ended November 30, 2021, assuming an investment of $100 at the beginning of such period and the reinvestment of any dividends.
Comparison of 5 Year Cumulative Total Return (1)
Among Progress Software Corporation, the NASDAQ Composite Index and the
NASDAQ Computer Index
(1) $100 invested on November 30, 2016 in stock or index, including reinvestment of dividends.
November 30, 2016 2017 2018 2019 2020 2021
Progress Software Corporation $ 100.00 $ 139.80 $ 118.90 $ 139.09 $ 135.61 $ 163.85
NASDAQ Composite 100.00 129.12 137.70 160.94 229.14 291.86
NASDAQ Computer 100.00 141.43 148.09 192.27 291.21 414.65
Item 6. [Reserved]
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