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, 2022, there were approximately 106,000 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 $1.92 in 2022, $1.80 in 2021 and $1.72 in 2020. On February 8, 2023, the Company declared a regular quarterly dividend of $0.49 per common share payable on March 10, 2023, to shareholders of record on February 22, 2023.
December 31, 2017 2018 2019 2020 2021 2022
Sonoco Products Company $100.00 $103.07 $123.19 $122.25 $122.89 $133.11
S&P 500 $100.00 $95.62 $125.72 $148.85 $191.58 $156.89
Dow Jones US Containers & Packaging $100.00 $81.55 $104.86 $127.03 $140.95 $115.86
20 FORM 10-K SONOCO 2022 ANNUAL REPORT
The Company made the following purchases of its securities during the fourth quarter of 2022:
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
10/03/22 - 11/06/22 — $— — $ 137,971,853
11/07/22 - 12/04/22 — $— — $ 137,971,853
12/05/22 - 12/31/22 — $— — $ 137,971,853
Total — $— — $ 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. Following several repurchase transactions in 2021, a total of approximately $138.0 million remained available for share repurchases at December 31, 2021 and December 31, 2022. No shares were repurchased under this authorization during 2022.
The Company did not make any unregistered sales of its securities during 2022 .
Item 6. [Reserved]
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