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 Company’s common stock is traded on the New York Stock Exchange under the stock symbol “SON.” As of December 31, 2021, there were approximately 79,000 shareholder accounts. Information required by Item 201(d) of Regulation S-K can be found in Part III, Item 12 of this Annual Report on Form 10-K.
Although the ultimate determination of whether to pay dividends is within the sole discretion of the Board of Directors and is based on a variety of factors, the Company currently plans to continue paying dividends consistent with historical practice as earnings and the Company's liquidity permit. Dividends per common share were $1.80 in 2021, $1.72 in 2020 and $1.70 in 2019. On February 9, 2022, the Company declared a regular quarterly dividend of $0.45 per common share payable on March 10, 2022, to shareholders of record on February 23, 2022.
12/16 12/17 12/18 12/19 12/20 12/21
Sonoco Products Company $100.00 $103.92 $107.11 $128.02 $127.04 $127.71
S&P 500 $100.00 $121.83 $116.49 $153.17 $181.35 $233.41
Dow Jones US Containers & Packaging $100.00 $119.02 $97.06 $124.80 $151.18 $167.76
20 FORM 10-K SONOCO 2021 ANNUAL REPORT
The Company made the following purchases of its securities during the fourth quarter of 2021:
Issuer purchases of equity securities
Period (a) Total Number of
Shares Purchased 1
(b) Average Price
Paid per Share
(c) Total Number of
Shares Purchased
as Part of Publicly
Announced Plans or
Programs
(d) Maximum
Number or Approximate Dollar Value of Shares
that May Yet be
Purchased under the
Plans or Programs 1
10/04/21 - 11/07/21 558,683 $58.81 558,683 $ 163,529,035
11/08/21 - 12/05/21 417,508 $61.21 417,508 $ 137,971,853
12/06/21 - 12/31/21 — $— — $ 137,971,853
Total 976,191 $59.84 976,191 $ 137,971,853
1
On April 20, 2021, the Company's Board of Directors authorized the repurchase of the Company's common stock in an aggregate amount of up to $350.0 million. On October 25, 2021, the Company entered into a Rule 10b5-1 Repurchase Plan (“Repurchase Plan") with a financial institution to repurchase outstanding shares of the Company's common stock pursuant to its Board authorized repurchase program. The Company repurchased and retired 976,191 shares for $58.4 million during the fourth quarter of 2021 prior to the termination of the Repurchase Plan's trading period on November 23, 2021.
The Company did not make any unregistered sales of its securities during 2021.
Item 6. [Reserved]
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